SpaceX's shares have dropped 32% from their peak after a record-breaking IPO, erasing initial gains. Despite this, the stock remains above its IPO price. SpaceX is also set to join the Nasdaq-100 Index, which could boost demand from investment funds.
SpaceX shares have fallen 32% from their record high after a strong IPO. However, the stock still trades 13% above its initial public offering price. Furthermore, SpaceX is set to join the Nasdaq-100 Index, which could generate increased demand from institutional investors.
Market Samachar is a news aggregator. This article was originally published by mint - markets. Tap the button above to read the full story on their site.