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International Business Times UK
International Business Times UK
Christian Nogot Puno

SpaceX Crashes to Record Low of $115: Stock Has Performed Worse Than 90% of Billion-Dollar IPOs Since 2009

SpaceX shares have fallen by about half since peaking days after the June flotation. (Credit: Daniel Oberhaus, Katrina.Tuliao, Wcamp9 / Wikimedia Commons. IBTimes UK)

SpaceX shares have fallen to a record low of about $115, capping a steep slide since the company's stock market debut in June. The drop has wiped more than $1 trillion from the value of what was, only weeks ago, the biggest listing in history.

The fall has been fast. SpaceX priced its shares at $135 and began trading on 12 June, opening well above that level. Four days later the stock reached a peak of $225.64. From there the direction has been almost entirely downwards, leaving it well below the price early buyers paid.

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