SpaceX Stock Erases Its Post-IPO Rally After Starship Scrub
SpaceX priced its IPO at $135, watched shares clear $225, then watched them slide back 42% once Flight 13 stalled on the pad.
- IPO priced shares at $135; stock peaked above $225 in early trading.
- Shares have since fallen roughly 42% from that peak, nearing IPO price.
- Starship Flight 13 scrubbed July 16 on Raptor engine ignition failures at the pad.
Why it matters: Every scrub before this one cost only Musk; this one cost public shareholders as well.
ZeroHedge, "Houston, We Have Shareholders" ↗ · Jul 17, 20267/17/26 · ✓ Checked✓ Check