SpaceX shares fall below IPO price for first time as post-listing excitement fades

SpaceX shares fell 1.7 percent to $134, slipping below its IPO price of $135 for the first time. The stock has dropped nearly 13 percent since its Nasdaq 100 inclusion and is well below its record high of $225.64. The decline highlights cooling enthusiasm even for the largest-ever IPO, which raised about $85.7 billion, as investors reassess unprofitable growth stories amid broader US market weakness.