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SpaceX stock is whipsawing after an initial post-IPO rally ran headlong into a $400 billion sell-off at the space and AI company.
Gains that built in the immediate wake of the record-breaking public debut have since been pared back, leaving the name in volatile territory.
The IPO Pop and Its Limits SpaceX's initial public offering set records, and the stock responded with a sharp early advance — the kind of move that benchmarks a high-conviction debut.
But the buying pressure did not hold.
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