India, July 16 -- SpaceX stock fell to a new all-time low on Wednesday, just hours before the company's first Starship test flight since it went public. The stock dropped to $132.75 during trading, falling below its IPO price of $135 for the first time. The shares later recovered slightly and closed at $135.27 on Wednesday.

SpaceX stock has now fallen more than 30% from its all-time high and is down around 10% so far this year. The stock was also trading slightly lower in midday trading on Thursday, according to Yahoo Finance. Despite the weak stock performance, investors are closely watching tonight's Starship launch because it could become a major event for the company.

SpaceX is set to carry out the 13th test flight of its Starship r...