SpaceX stock down 32% from peak
SpaceX closed at $153.23, down from its all-time high of $225.64.
The company’s IPO was record-setting at $135.
The stock’s performance is being closely watched, particularly given its $75 billion valuation.
Former Nasdaq CEO Robert Greifeld noted that the stock’s lockup period is a key factor in its performance, with $75 billion being sufficient float for a public company.