SpaceX Stock Drops Below IPO | Business and Finance News

SpaceX’s stock just dipped below its IPO price for the first time — a wild swing just a month after raising a record $86 billion. Despite a strong initial 50% surge, the drop below $135 per share signals market uncertainty around Musk’s AI ambitions, including a $60 billion Cursor acquisition and xAI’s merger into SpaceX. With massive employee shares set to hit the market by December, volatility’s far from over — and history shows even giants like Facebook had early crashes. The space race just got a lot more speculative. 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/d2b33b6e29ad6d71