SpaceX shares wipe out all money made by its investors as they close below IPO price

SpaceX shares closed below their IPO price of $135 for the first time since their mega listing on June 12. With this, the stock has erased all the money that its investors had made when the stock climbed to its record high of $225.64 on June 16. SpaceX shares ended in the red for 14 of its 23 trading sessions.