SpaceX's share price falls below the offering price for the first time

SpaceX's shares fell below their initial public offering (IPO) price, reaching $133 after previously being at $135. This marks the first time the stock has declined below the offering price since its launch, resulting in paper losses for investors who purchased at the original price. This decline comes after a record high that pushed the company's market value above one trillion dollars. However, it has recently been affected by market pressures and uncertainty regarding interest rates and future profits. Analysts have also warned of an overvaluation of the stock, especially given the company's ongoing losses and reliance on uncertain bets.

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