Topline
SpaceX on Wednesday fell below its IPO price for the first time, with shares reaching an all-time low as investors have shown greater skepticism about artificial intelligence stocks and trends.
SpaceX went public on June 8.
Photo by Joe Raedle/Getty Images
Key Facts
SpaceX’s stock fell 2.1% around 12:45 p.m. EDT, reaching nearly $2 below its $135 initial public offering price.
Part of the tumble is likely rooted in investor skepticism about AI trade, according to Investopedia, which noted some experts believe investors are shifting away from “pricing in promise” and are instead more closely evaluating companies linked to artificial intelligence.
This is a developing story. Check back for updates.