NewsHK
SpaceX shares are on track for a third consecutive session of losses, sliding 10% as the momentum from the company's record-breaking IPO on June 12 continues to unravel.
The pullback marks a sharp reversal after an initial post-listing rally, putting the stock on a three-day losing streak within weeks of its market debut.
From Record Debut to Sustained Selling SpaceX completed its initial public offering on June 12, drawing the kind of early enthusiasm the market described as record-breaking.
A rally followed in the stock's opening days of trading. That surge has now reversed across two full sessions of losses, with the current session's 10% slide extending the run to a third straight down day.
Keep reading