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SpaceX (SPCX) Pre-market Falls 4.6% Core Cause Analysis
SpaceX went public on June 12 at an IPO price of $135, surged on the first day, then climbed to around $225, with a market value exceeding $2.4 trillion at one point.
But the honeymoon period after the listing ended quickly, with a 5% and 3.6% decline on Wednesday and Thursday respectively, and a continued 4.6% drop in pre-market on Monday (June 22), marking a three-day correction, down over 20% from the peak.
Main driving factor: Overvaluation triggering analyst caution. #Gate股票7x24小时交易