SpaceX Shares Drop Below $135 IPO Price, Wiping Over $1 Trillion From Valuation
SpaceX shares dropped below their $135 initial public offering price for the first time, erasing more than $1 trillion from the company’s valuation just weeks after its Wall Street debut.
Traders are increasingly betting against the stock, pushing short interest higher. Some market observers note that a large portion of the current short positioning stems from insiders and early shareholders distributing shares ahead of upcoming lock-up expirations rather than fresh speculative bearish wagers.
From the sources (25 posts)
@zerohedge*SPACEX SHARES FALL BELOW $135 IPO PRICE FOR FIRST TIME
@negligible_cap*SPACEX SHARES FALL BELOW $135 IPO PRICE FOR FIRST TIME Look out below!
@financialjuiceSpaceX shares fall below $135 IPO price for first time. $SPCX
@wallstengineSPACEX $SPCX SHARES FALL BELOW $135 IPO PRICE FOR FIRST TIME
@mikeisaacspacex breaks ipo price a little over a month after going public
@edludlowSpaceX dips below $135 IPO price
@stockmktnewzSpaceX $SPCX just dropped back under its $135 IPO price for the first time 🔴🔴🔴
@gurgavinSPACEX SHARES ARE NOW TRADING BELOW THE IPO PRICE OF $135 EVERY SINGLE PERSON WHO BOUGHT SPACEX SHARES IS NOW IN THE RED $SPCX
@rmac18spacex's stock just dropped below its $135 IPO price
@brewmarketsSpaceX just fell below its IPO price for the first time.
@amitisinvesting$SPCX SpaceX has officially fallen below it's IPO price of $135.
@stocksavvyshay$SPCX DROPS BELOW ITS $135 IPO PRICE FOR THE FIRST TIME
@thestalwart*SPACEX SHARES FALL BELOW $135 IPO PRICE FOR FIRST TIME
@polymarketmoneyBREAKING: SpaceX drops below its IPO price for the first time.
@morningbrewRT @brewmarkets: SpaceX just fell below its IPO price for the first time.
@bulltheoryioBREAKING: SpaceX $SPCX crashes below its IPO price for the first time since it went public. $1.25 Trillion has been wiped out from its market cap in the last 29 days.
@alojohIt took only 22 sessions for SpaceX @SpaceX to fall below the Offering Price (or the Issue Price) of $135 and only 19 sessions before the first trading price ($150). What everyone expected would happen did happen. A grossly overpriced IPO
@deitaone$SPCX - SPACEX FALLS BELOW IPO PRICE SpaceX shares fell 1.7% to $134, slipping below their $135 IPO price for the first time. The stock is now far below its $225.64 peak, raising concerns that its valuation was driven more by hype than fu
@negligible_capRaymond James analyst who set a $800 price target on $SPCX seeing it drop below the IPO price before the lockup expiry’s even started
@ftSpaceX shares slide below IPO price
@zerohedgeSpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds
@birdywordSpaceX now down more than a third from the June 16th peak close, and back below the $135 IPO price
@yahoofinance$SPCX falls below its IPO price. 📉
@exec_sumBREAKING: SpaceX $SPCX falls below the $135 IPO price for the first time.
@wsjmarketsSpaceX shares traded below their $135 IPO price for the first time Wednesday, a sign of waning enthusiasm for the biggest listing of all time