SpaceX Stock Slips Below IPO Price Following Sharp Decline

SpaceX shares closed at $131.11 yesterday after a daily decline of 3.08 percent. This marks the first time the stock has finished below its $135 initial public offering price since the company went public in June.

The drop follows a difficult week for the aerospace firm. Shares reached an all time low of $132.75 during trading on Wednesday before sliding further into yesterday's close. Overall, the stock has now fallen 42 percent from its record high.

Investors are keeping a close watch on these price levels to see if the stock can find support or if the current downward trend will continue. The company performance remains a significant talking point for those monitoring market volatility.