SpaceX shares slide 32% from record high, but remain 13% above IPO price

SpaceX shares have corrected 32% from their post-listing peak of $225, now trading at around $153, though still 13.3% above the $135 IPO price. The stock, which debuted on June 12 at $150, briefly pushed Elon Musk's net worth past $1 trillion and lifted market cap to $2.7 trillion at peak, but has since pulled back amid fading momentum. Separately, SpaceX raised $25 billion through a senior unsecured notes offering on June 22 and is set to join the Nasdaq-100 index effective July 7, which is expected to trigger passive fund demand.