SpaceX Drops 6%, Dips Below Its IPO Price as 319M Shares Unlock; Rocket Lab Falls 4%

SpaceX shares fell about 6% to $131.86 midday Thursday, dropping below its $135 IPO price for the first time since the June debut, signaling weaker near-term investor sentiment rather than a reported operational change.

Analysis

SpaceX shares fell about 6% to $131.86 midday Thursday, dropping below its $135 IPO price for the first time since the June debut, signaling weaker near-term investor sentiment rather than a reported operational change.