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OsamaAlkamel

#𝗦𝗽𝗮𝗰𝗲𝗫

GateInstantTrends
Why is SpaceX down so much? SPCX drops below its IPO first-day closing price, with a $400 billion market value wiped out
On June 22 local time, SpaceX (SPCX) stock closed at $154.6, with a daily drop of 16.43%, and its market capitalization was wiped out by about $400 billion. This is the stock’s third consecutive day of decline. Since June 17, the cumulative drop has exceeded 23%, and cumulative market-cap erosion has been more than $600 billion. SPCX’s share price not only fell below the $160.95 IPO first-day closing price, but also pulled back more than 30% from the $225.64 all-time intraday high set on June 16
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