SpaceX falls below IPO price before rebounding 2%: Is it a second-chance buying opportunity?
New Delhi, June 23 -- SpaceX shares on Tuesday rebounded about 2% after briefly slipping below $150, the price of its first trade when it debuted nearly two weeks ago. The decline had also pushed the company's market valuation below the $2 trillion mark.
SpaceX shares were up 1.7% at $157 just after 10:40 a.m. ET (1440 GMT), after falling as low as $147.11, its first slip below its opening-day price of $150.
After a record $75 billion IPO last week and an initial rally in the stock, investor sentiment has started to weaken.
SpaceX posted huge gains after a record-breaking IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization.
Apart from SpaceX, other tech heavyweights were mixed, with Alphabet off 0.4%, Appl...
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