SpaceX Shares Slip Below $135 IPO Price, Down 2.4% on Wednesday

SPCX-0.61%
According to MarketWatch, SpaceX shares fell below their $135 IPO price for the first time on Wednesday, dropping to just below $133 in midday trading, down about 2.4% on the session. The stock has declined over 34% from its June 16 closing peak of $201.80, only weeks after the company began trading publicly on June 12 at $150. The reversal reflects cooling investor appetite for high-valuation technology debuts, though analysts remain constructive, with over 80% of covering analysts maintaining Buy ratings and an average price target of $236.25.
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