The IPO Downturn: A Reality Check for SpaceX's Ambitious Plans The hype surrounding Elon Musk's SpaceX has finally begun to dissipate, and it's not just the Starship launch that's under scrutiny.
After plummeting from its initial public offering (IPO) high of over $200, the company's stock price now hovers around $135 per share. SpaceX's unique financial situation is partly responsible for this volatility.
With only 4% of its shares trading on the Nasdaq, the available market capitalization is alarmingly low.