SpaceX (SPACE) shares fall 6% post-IPO, VWAP at $179
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX (SPACE) shares declined by 6% to just under $180 after its IPO, erasing much of the initial surge. The stock reached an intraday high of over $225 shortly after debuting at $135, marking a 20% overall decline since. The five-day volume-weighted average price (VWAP) now stands at $179, suggesting that average investors who purchased post-IPO are either breaking even or facing losses. This downturn has raised questions regarding the stock's long-term viability and market fundamentals.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
