SpaceX Shares Sink Below IPO Price

SpaceX's stock fell below its $135 initial public offering price for the first time since its market debut, wiping out post-listing gains as a broader tech sell-off and investor caution took hold.

The decline erased over $800 billion in market value from its peak.

The drop came amid a wider market rotation away from high-growth technology stocks.

The milestone marks a significant reversal for one of the most anticipated public listings in recent years.