SpaceX shares turn negative for the first time, erase ₹16.26 lakh crore in a few minutes

SpaceX shares, which listed last week after the world's largest IPO, turned negative for the first time in early trade on Wednesday as they fell 6%. The shares fell to a day's low of $187, erasing investor wealth worth over $172 billion (₹16.26 lakh crore) in just a few minutes. The shares had made Elon Musk the world's first trillionaire.