SpaceX Stock Premarket: SPCX Falls Below IPO Price For First Time
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SpaceX shares fell 1.19% in premarket trading Thursday to $134.30, slipping below their IPO price for the first time after a 3.81% drop on Wednesday left the stock at $135.92, with extended-hours reports showing levels as low as $133.22. The decline marks a symbolic break of the offering level as investors weigh the risk of tougher oversight tied to Democrats. The move puts the IPO valuation back in focus and sets up a test of whether the stock can reclaim its issue price.
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Named in this story
SpaceX, SPCX, Democrats