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SpaceX Stock Plunges After $86 Billion IPO
4 Aug
Summary
- SpaceX raised $86 billion in a historic share sale on June 12.
- The stock's initial price was $135 per share.
- SpaceX's valuation reached $1.5 trillion post-IPO.
SpaceX's stock experienced a dramatic fluctuation after its significant share sale on June 12, which successfully raised $86 billion.
The initial public offering set the share price at $135. Following this, the stock price saw a substantial increase, reaching $201.80 by the third day of trading.
This surge in stock value resulted in SpaceX achieving a total valuation of $1.5 trillion. Despite this impressive valuation, the company's stock price has been declining, necessitating a catalyst to improve its market performance.
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