SpaceX falls to $135 IPO price ahead of Starship launch
AI Summary
Shares in SpaceX have dropped back to their initial public offering price of $135, reflecting a market shift from the initial excitement surrounding its IPO to a more measured evaluation of CEO Elon Musk's ambitious promises. This decline comes ahead of the highly anticipated launch of the Starship, which was expected to further boost the company's valuation. The recent market trend underscores the scrutiny SpaceX now faces as investors weigh its long-term potential against immediate financial performance.
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