SpaceX shares fall below $135 IPO price as market enthusiasm cools

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SpaceX's stock has dropped below its IPO price of $135, marking a significant retreat from the highs seen shortly after the company went public. The decline reflects a broader reassessment by investors of the ambitious promises made by CEO Elon Musk. The slide comes ahead of an anticipated Starship launch, an event that had previously fueled optimism around the company. Markets appear to be tempering earlier excitement as scrutiny of SpaceX's long-term delivery on its goals increases.

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