SpaceX falls below $135 IPO price after four-day slide

SpaceX shares slipped below their $135 initial public offering price for the first time Wednesday, extending a four-session decline as enthusiasm around the company's record June debut faded. The stock briefly traded under the offer price and finished at $135.27, CNBC reported. SpaceX had surged as high as $225 in its first month on the market after pricing at $135 and first trading at $150. The company joined the Nasdaq-100 on July 7 after a rule change shortened the waiting period for newly public companies, but the index inclusion has not stopped the pullback. Investors are now watching SpaceX's 13th Starship test flight on Thursday as a near-term catalyst.