SpaceX Shares Slide Below IPO Price As Lockup Expiry Stokes Volatility Concerns

Shares of SpaceX have dropped below the company’s initial public offering price with analysts flagging potential for increased stock availability as lock-ups begin to expire. SpaceX shares fell below the $135 initial public offering (IPO) price as insider share-sale restrictions started to expire, sparking concern of increased market volatility, according to Reuters.