SpaceX (SPACE) IPO Shares Drop 18% in First Month Trading

SpaceX (SPACE), after pricing its IPO shares at $135, saw its stock price peak at $225 but ended its first trading month at approximately $145, an 18% decrease. The price decline followed a data center project-related price cut for its Starlink service, impacting investor confidence. On the day SpaceX was added to the Nasdaq100 index on July 7, the shares fell 4.4% while the index dropped 1.7%. As the company’s revenue sources become clearer, some analysts anticipate further declines, potentially reaching around $115 per share, which may indicate losses for early retail investors.