SpaceX extends losing streak to four days, drops below $135 IPO price

SpaceX shares fell below their $135 IPO price for the first time, dropping 1.7 percent to $134 on Wednesday and marking a fourth consecutive losing session. The stock has declined nearly 13 percent since its addition to the Nasdaq 100 and trades well below its all-time high of $225.64. The broader pullback reflects Wall Street pressure amid uncertainty over the Federal Reserve's interest rate path and concerns about the durability of the AI-driven rally.