US Stock Market Move | SpaceX's stock price fell below its IPO issuance price, down 33% from its peak after going public.

On Thursday, SpaceX (SPCX.US) continued to weaken by nearly 1%, trading at $134.91, breaking below its highly anticipated IPO price of $135. After the record-breaking $75 billion IPO completed on June 11, the company's stock price quickly surged, but has since fallen by a cumulative 33% from its all-time high after listing. With a large-scale lock-up period set to expire in early August, the number of tradable shares on the Nasdaq market is expected to increase significantly, leading to potentially greater price fluctuations for the company. By December 8, as the lock-up restrictions are gradually lifted, the proportion of SpaceX's outstanding shares available for market trading will increase to 40% of the total share capital. The remaining approximately 60% of sharesincluding those held by Elon Musk himselfwill continue to be subject to lock-up restrictions until mid-2027.