SpaceX extends losses, hovers near IPO price after 39% plunge from peak

SpaceX shares fell another 5.3% to $137.68 on Monday, hovering just above their IPO price of $135 after a 39% plunge from their post-listing peak of around $225. The decline comes despite the stock's recent inclusion in the Nasdaq-100 Index and Russell 1000 Index, with analysts attributing the weakness to profit booking, limited free float amplifying selling pressure, and a broader market reassessment of AI and space-sector valuations.