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SpaceX Shares Fall 36% From Peak to $145.3; 100% of South Korean Retail Investors Record Losses

GateNews
Stocks
SPCX-4.41%
TSLA0.29%

According to NH Investment & Securities, SpaceX shares traded at $145.3 on July 10, down 36% from a one-month high of $225.64, though still 8% above the $135 IPO price. Data from July 9 showed 100% of retail investors holding the stock were in loss, with an average return of minus 15%.

The performance mirrors Tesla's 2010 IPO debut, when the company dropped below its offering price before rebounding dramatically. Tesla surged 62% in November 2010 after Elon Musk confirmed the Model S would launch on schedule in 2012. Tesla stock now trades at 360 times its IPO price.

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