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The Economic Times
The Economic Times
Business
Akash Podishetti

SpaceX shares fall below IPO price for first time as post-listing excitement fades

SpaceX IPO Elon Musk

SpaceX shares fell below their IPO price for the first time on Wednesday, just over a month after the company’s record market debut drew huge investor interest and made Elon Musk the world’s first trillionaire.

The stock dropped 1.7% to $134, slipping below its IPO price of $135 a share. It is now well below its record high of $225.64, a level that had briefly pushed SpaceX’s market value above Microsoft and Amazon.

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