"SpaceX breaks below IPO price for the first time since going public, nearly giving back all of its gains since the IPO."

The American space exploration technology company SpaceX has been listed on the U.S. stock market for over a month. Recently, the company's stock price has been fluctuating more noticeably. During the trading session on the 15th, the stock price even fell below the IPO price of $135 per share, marking the first time the stock has dropped below its IPO price since going public. On the 15th local time, SpaceX's stock price briefly dropped to $132.15 per share during trading, below its $135 IPO price. It closed at $135.27, a decrease of 0.6% from the previous trading day, marking the fourth consecutive day of decline, almost giving back all the gains since the listing. Analysis points out that the market is becoming more cautious about the costs and returns of infrastructure in the field of artificial intelligence, and doubts have been cast on the prospects of SpaceX's xAI business. Additionally, the upcoming end of the lock-up period for shares has further added downward pressure. Data shows that since going public on June 12th, SpaceX's stock price had once reached a high of $225.64.