People gather near a SpaceX advertisement outside the Nasdaq MarketSite, on the day of their initial public offering (IPO) in New York City, U.S., June 12, 2026.
Brendan Mcdermid | Reuters
SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time ever.
Shares have whipsawed since the reusable rocket maker’s historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire.
The stock slumped about 2% on Wednesday.
Earlier this month, SpaceX shares joined the Nasdaq-100 in a fast-tracked process.
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