BUZZ-SpaceX shares fall below IPO price

SpaceX

SpaceX

SPCX

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** Space Exploration Technologies Corp SPCX.O shares dip 2.2% to $133.14, falling below the co's $135 IPO price for the first time since its massive market debut just over a month ago

** The drop marks a reversal from the post-IPO frenzy that saw the co's valuation briefly top $2.1 trln and could test investor confidence

** SPCX stock is now ~41% below its all-time intraday high of $225.64, which was reached on June 16

** Despite the recent slide, 27 of 32 analysts rate the stock "buy" or "strong buy", and the median price target of $227.00 implies ~70% upside from its current price


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