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SpaceX Shares Plunge Below Debut Price, Then Skyrocket Amid $600 Billion Sell-Off
SpaceX shares fell below its debut price of $150 per share, wiping out $600bn in market value, before rebounding 2.4% amid a broader tech sell-off.
SpaceX shares plummeted below their debut price of $150 per share, wiping out $600 billion in market value amid a broader tech sell-off, before rebounding 2.4 percent in early trading. The significant drop was part of a broader market downturn that saw many tech stocks take a hit. SpaceX's stock price jumped back up from its lowest point, reflecting some investors' continued optimism about the company's future prospects.
Brief written with AI from reporting by Al Jazeera English. All rights to the original story belong to the publisher.