SpaceX share price falls below initial public offering level

A stock market screen displays a downward trend in SpaceX's share price, highlighting investor concerns as it falls below its initial public offering level.

The drop in share price comes amid a broader market downturn and increased scrutiny of the space sector’s profitability. As of October 5, 2023, shares were trading at approximately $100, down from an initial public offering price of $120 earlier in the month. This shift has prompted discussions about the sustainability of SpaceX’s business model … Read more