SpaceX postponed a crucial launch — now its stock is set to slide even further below the IPO price
- Investing Investment Opportunities Markets
Ramit Sethi- 0
- 5 minutes read
Shares in SpaceX were set to slide further below their initial public offering price after the spacecraft manufacturer aborted an attempt to launch its Starship rocket.
The Texas-headquartered company’s stock
SPCX declined just over 3% in premarket trading on Friday, on the heels of a 3% slide on Thursday, bringing its price down to $126.58 – almost $9 lower than when it launched on the Nasdaq on June 12. The stock is set to lose steam for the fifth day in a row in what was to be the first flight since going public.
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