SpaceX shares fall for a second day, nearing $135 IPO price
What's next: The FAA cleared Starship to resume launch prep after a May test setback, with Flight 13's window opening Thursday.
SpaceX stock fell for a second straight session Monday, pushing Elon Musk's company closer to its $135 IPO price a month after its blockbuster June 12 debut. The shares, which first traded at $150 and later climbed as high as $225, have lost momentum as investors reassess the company less as an AI play and more on its launch and Starlink businesses. The stock recently traded about 7% below its first trade and roughly 35% below its peak. The pullback came days after SpaceX joined the Nasdaq-100. Separately, the Federal Aviation Administration wrapped up its review of a Starship booster return failure from a May flight test, allowing the company to proceed toward Flight 13 if it meets remaining safety and licensing conditions.