SpaceX shares rose for a second consecutive session in early August, approaching the $135 IPO price after a difficult period. The stock had fallen below the offering price in early July following the lockup expiration that released a significant supply of shares. SpaceX’s June IPO valued the company at approximately $1.77 trillion, making it the largest US IPO by proceeds. On the first trading day, shares surged above $225 before reversing by mid-July to intraday prints between $123 and $132.
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