SpaceX Shares Drop 6% In First Decline Since Historic IPO
Ty Roush is a breaking news reporter based in New York City.
Topline
SpaceX shares stumbled on Wednesday for the first time since the company’s record-setting debut last week, potentially ending a three-session winning streak that pushed Elon Musk’s firm ahead of Amazon as one of the world’s largest companies.
A decline followed a surge that edged SpaceX ahead of Amazon as the fifth-largest company.
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Key Facts
Shares of SpaceX declined 5.7% to around $190 as of Wednesday morning, a reversal from two straight sessions of a more than 19% surge and Tuesday’s 4.8% increase.
This is a developing story.
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