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SpaceX shares are still sliding after a $400 billion sell-off pared back the gains the space and AI company posted following its record-breaking initial public offering.
What looked like sustained momentum off the IPO print has given way to continued selling, leaving the stock well below its post-listing highs.
From Record IPO to Heavy Unwind SpaceX went public in what was described as a record-breaking IPO, and early price action reflected that billing.
Buyers came in with conviction, bidding the stock higher in the sessions immediately after the listing.
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