SPCX Drops 16%
SpaceX stock sheds 16% of its value, losing over $400 billion in valuation
SpaceX (NASDAQ: SPCX ) was one of the most anticipated IPOs ever and helped cement the space company’s name in history, alongside making Elon Musk the world’s first trillionaire. The stock shed a portion of its value on Monday. • Why is SPCX stock trading lower? 60 on Monday, which continues a multi-day decline for the popular space company.
04 trillion. S. 1 billion vanishing, as illustrated below. 8 billion Read Also: SpaceX's Post-IPO Reality Check: What The Stock's Dip Says About Retail Hype SpaceX IPO Winners and Losers Early investors in SpaceX are still poised to make significant profits if the stock can continue to trade with a valuation of trillions of dollars ahead of selling periods.
Investors who bought in at the IPO price of $135 are also still profitable, but likely concerned about their timeline of selling, if they have restrictions from their broker. 95 on its first day of trading and investors who bought in after the first day are now mostly down on their purchases. It has been a limited trading period for SpaceX stock since its June 12 debut, which will make the stock closely followed and potentially highly volatile heading into key events like earnings and share lockups. 5 Trillion To Cash In — 61% Of Benzinga Readers Say Don't Hold Your Breath Image via Shutterstock