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00:02SpaceX shares fell 2.2% to $136.00 on Tuesday, their lowest close since the company's June 12th initial
00:10public offering and just above the $135.00 offer price, according to Reuters.
00:14The stock briefly reached $135.52 after previously pushing SpaceX's valuation above $2 trillion.
00:22Analysts said a drop below the IPO price could hurt investor confidence and raise concerns about speculation and high valuations.
00:30The decline could also affect other companies considering public listings, including OpenAI and Anthropic.
00:37Retail investors received about 20% of the IPO allocation and could face losses if the shares fall further.
00:43Analysts said post-IPO volatility and price discovery are normal, while SpaceX's first earnings report will provide a major test
00:51for the stock.
00:51For all things money, visit Benzinga.com.
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