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SpaceX stock gained 2% after the space and AI company's shares fell below the $150 price at which they debuted in its record-breaking initial public offering.
The recovery came after an initial post-IPO surge gave way to selling pressure that pushed the stock beneath its debut level — a pattern common to high-profile listings that price into peak demand.
Below the Debut Line Breaking below a debut price is a data point watched closely by both retail and institutional holders.
For SpaceX, described at listing as a space and AI company, the slip beneath $150 added a tangible reference point to an otherwise speculative trading range.
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