Abnormal Movement in US Stock Market | SpaceX (SPCX.US) Stock Price Falls Below IPO Issue Price, Cumulative Decline of 33% from Listing High

Zhitong Finance APP learned that on Thursday, SpaceX (SPCX.US) continued to decline by nearly 1%, now trading at $134.91, with the company's stock price falling below its highly anticipated initial public offering (IPO) price of $135. Since the record-breaking IPO raised $75 billion on June 11, the company's stock price had surged rapidly, but now has fallen by a cumulative 33% from its historical closing high after listing. With a large-scale lock-up period ending in early August, the number of tradable shares on the Nasdaq market will significantly increase, potentially leading to greater volatility in the company's stock price.