NewsHK
HONG KONG, June 27 — SpaceX shares fell 6% on Friday, putting the company on course for a third straight session of declines following its record-breaking initial public offering on June 12.
The rally that defined the company's celebrated market debut has cooled sharply, with the stock logging losses across each of the two most recent full trading days before Friday's extended slide.
A Post-IPO Rally That Has Run Out of Steam SpaceX's listing drew broad market attention after the company completed what was described as a record-breaking IPO on June 12.
The debut triggered an immediate surge, with investors competing for exposure to a company that had spent its entire history outside public markets.
Keep reading