SpaceX stock sinks for a second-straight day, nearing $135 IPO price

Shares of SpaceX have continued to slide for the second consecutive day, now hovering close to the initial public offering (IPO) price of $135 per share. This downturn comes a month after the company, helmed by Elon Musk, made history with one of the most significant IPOs, as it merged with a special purpose acquisition company. The company's addition to the Nasdaq-100 last week highlighted its growing influence in both space exploration and artificial intelligence sectors. Investors are now closely watching these fluctuations as they gauge the company's trajectory amidst broader market trends and technological advancements.