Shares of Elon Musk's rockets-to-AI firm SpaceX dropped nearly 9% on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8% to $174.8, after falling nearly 5% in the last session. Despite the losses, the stock still traded more than 29% above its $135 offering price.
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Reuters47d agobearish
SpaceX shares tumble as post-IPO frenzy loses steamBarchart60d agobearish
Intuitive Machines Is Selling Off Before the SpaceX IPO. It’s a Much-Needed Reset for LUNR Stock.Intuitive Machines has pulled back roughly 28.6% from its recent 52-week high amid a broader space sector selloff ahead of the anticipated SpaceX IPO.
Stocktwits64d agobearish
SPCE Stock Bucks Space Sector Selloff Ahead Of SpaceX IPO — Richard Branson's Virgin Galactic Torches $64M In Short BetsS3 Partners said short exposure of $118.3 million exceeds the combined active and passive institutional long positions.
Stocktwits68d agobearish
ASTS, RKLB, RDW, LUNR Slip Overnight: SpaceX IPO Hype Loses Orbit After Valuation Target Reportedly Falls Below $2 TrillionASTS faced additional pressure after Blue Origin's latest New Glenn anomaly.