SpaceX IPO Surges Then Slumps, Raising Questions About Long-Term Viability
SpaceX's stock (SPCX) surged 67% above its $135 IPO price but has since fallen by over 30%, wiping out more than $600 billion in market value. The company reported significant losses despite strong revenue, with only the Starlink segment showing profitability.
Tickers: $SPCX
Topics: financial performance IPO SpaceX stock price volatility