SpaceX stock falls to $180, matching the five-day volume-weighted average price of $179, wiping out most post-IPO gains.
SpaceX shares dropped 6% to $180 on Thursday, leaving the average post-IPO buyer nearly flat. The stock’s five-day volume-weighted average price stands at $179, indicating most recent buyers are now breaking even.
The stock surged from its $135 IPO price to an intraday high of $225 on Tuesday before retreating 20% over two days. Retail investors who secured shares at the $135 offering price still hold gains, though allocations were limited.
The pullback reflects a rapid shift in sentiment after the company’s $3 trillion market valuation briefly came into view.