SpaceX shares slide below IPO price for first time as surge fizzles
SpaceX shares fell below their IPO price for the first time on Wednesday, dropping to $134, down 1.5%. This decline follows the company's record $25 billion IPO, which briefly made Elon Musk the world’s first trillionaire. Analysts express concern over investor reaction to heavy debt and tech valuation pressures amidst broader market stress.
How does this story land?
Summary by OZbrief Editorial · The Guardian Australia · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 15 Jul 2026, 20:13 UTC · Updated 15 Jul 2026, 22:10 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
Trending
- Sick petrel found on Noosa beach tested for bird flu
- Australia's highest-paid chief executives revealed
- Jewish professor says 'intimidating' protest changed his life on campus
- ‘Transit is travel’: Smartraveller toughens language on UAE, Qatar visits
- Fair Work Commission alters Sophie Mirabella’s caseload after police charges
- Sydney's new metro line testing starts, promising faster commutes without buses