SpaceX is trading 3.2% down at $120.02 as the stock extends a multi-session slide further below its $135 IPO price.
- The stock has declined significantly from its July 9 high of $152.16, continuing a downward trend that saw it break below key support levels over the past week.
- The move appears to be driven by lingering post-IPO pressure and softening investor sentiment rather than a fresh company-specific catalyst.