SPCX stock fell 5% to $132.69, ending a six-session run above its $135 IPO benchmark amid a failed recovery attempt.
SpaceX shares declined nearly 5% to $132.69 on Thursday, dropping below their $135 initial public offering price. The move snapped a six-day streak of closes above that level, signaling a failed recovery effort.
The stock had briefly reclaimed its IPO price earlier in the week but struggled to maintain momentum. Prior to this decline, SPCX had traded above $135 for six consecutive sessions, marking its longest stretch at that level since going public.
No immediate market reaction was detailed in the report.