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SpaceX shares gained 4% after dropping below the company's $150 debut price, as the initial surge from the space and AI company's record-breaking IPO gave way to a more measured reassessment by public-market investors.
The recovery puts the stock back above its starting line, but the round trip in price tells a familiar story about high-profile listings: the opening day crowd and the week-two crowd are often working from very different assumptions.
For a company that generated historic IPO interest, the dip below $150 was a reminder that record-breaking demand at the bell does not guarantee a smooth glide path afterward.
Why the $150 Level Matters Falling through the IPO price is more than a chart event — it is the moment buyers who bought at the debut price move into the red, which can accelerate selling as those holders reassess their thesis.
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