SpaceX Stock Dips Below IPO Price | Business and Finance News

SpaceX’s stock just dipped below its $135 IPO price — a major drop for the company that raised $85 billion and hit a $2 trillion valuation faster than any tech giant ever has. Founded by Elon Musk in 2002, SpaceX’s mission to slash launch costs and dominate space with reusable rockets is paying off — especially with Starlink, its cash-generating satellite internet business. But heavy bets on AI and next-gen tech are bleeding profits, with $12 billion spent last year alone. While history shows stocks that dip below IPO often stall, patience may be the smarter play. Watch earnings reports — and maybe wait for the next dip — before jumping in. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d7d487d8a9de9811