SpaceX's post IPO roller coaster: What's driving the wild swings?

SpaceX made history with a $75 billion IPO on Nasdaq on June 12 at a valuation exceeding $2 trillion, the world's largest ever. Shares surged nearly 67% post-listing before correcting about 35% from their peak, briefly slipping below the debut price amid profit-booking and valuation concerns. Despite the volatility, the company launched a $25 billion bond offering that saw strong demand, and investors now await its first quarterly earnings as a listed entity.