Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-16T10:37:21+00:00
SpaceX (NASDAQ:SPCX) shares have slipped below their initial public offering price, raising concerns that the stock could face additional volatility as insider lockup restrictions begin to expire in the coming weeks. The stock fell to an intraday low of $132.15 on Wednesday before recovering to close at $135.27. Since reaching record highs shortly after its June 11 IPO, the shares have declined roughly 33%, although the company still commands a market capitalization of about $1.8 trillion. Despite completing the largest IPO in US history, SpaceX floated less than 5% of its outstanding shares, creating a limited public float that helped drive its valuation to approximately $2.1 trillion following its Nasdaq debut. That dynamic is set to change as lockup restrictions on employees, early inve
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