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Quartz·1 min read·medium

SpaceX stock sinks below its IPO price for the first time as the post-debut rally unravels

Cris Tolomia
AI Summary

SpaceX stock has fallen below its initial public offering price for the first time following a significant post-debut rally. The company's market capitalization has dropped from $2.6 trillion to approximately $1.75 trillion.

The stock has shed about 34% from its peak, pulling SpaceX's market cap down to roughly $1.75 trillion from above $2.6 trillion last month

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