SpaceX Shares Dip Below IPO Price, Erasing All Post-Listing Gains

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SpaceX shares have dropped below their initial public offering price for the first time since the company went public, wiping out all gains made after its listing. The decline is attributed to a broader change in market sentiment, with analysts citing worries over interest rates and fading momentum in AI-related stocks. Investors are now closely watching for SpaceX's first quarterly earnings report as a publicly traded company. Additional market attention is focused on the upcoming expiry of the IPO lock-up period and planned Starship test flights, both of which could influence the stock's near-term direction.

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