The Rocket That Ran Out of Fuel: How SpaceX's IPO Lost Its Luster The initial public offering (IPO) of Elon Musk's SpaceX was supposed to be one for the ages.
On its first day, the stock price shot up to $150 and eventually hit an intraday high of $225, but as we approach the end of its first month on the public markets, it's clear that SpaceX has lost some momentum.
The dip in stock price can be attributed in part to a reality check regarding the company's actual business performance.