SpaceX shares fall below IPO price for first time, wiping out post-listing gains

SpaceX shares have fallen below their initial public offering price for the first time. This decline reflects a broader shift in market sentiment and investor enthusiasm. Analysts point to concerns over interest rates and AI stock momentum. Investors are now awaiting SpaceX's first quarterly earnings report as a listed company. Upcoming events include the expiry of the IPO lock-up period and Starship test flights.