SpaceX stock just plunged below SPCX IPO price; Here’s why
Photo: Finbold
While SpaceX (NASDAQ: SPCX ) stock has been on an overall downtrend in the last 30 days of trading, the extended session leading into Thursday, November 5, marked a significant milestone as the equity dropped below its initial public offering ( IPO ) price. The latest 1.99% drop from $135.92 at the Wednesday close to $133.22 at press time appears generally linked to the Democratic sweep in the U.S. midterm elections, held on November 3.
Source: Finbold
