SpaceX Stock Falls Below IPO Price Amid Market Volatility and Technical Setbacks
Space Exploration Technologies Corp (SPCX) stock has dropped below its $135 IPO price, losing about 27% in July alone. The company's market cap fell to $1.52 trillion after a failed Starship rocket test flight on July 16 and increased short selling activity.
Topics: short selling SpaceX Starship test failure stock selloff