Thursday’s decline erodes the progress made during the August 12-19 period, when SPCX held above its IPO price. The retreat highlights ongoing volatility for the aerospace giant following its dramatic summer trading history, which saw shares peak above $225 in June before sliding into a deep mid-summer trough below $110.

SpaceX (NASDAQ:SPCX | SPCX Price Prediction) stock is down 6% to $131.86 midday Thursday, slipping below the company’s $135 IPO price for the first time since the June debut. Roughly 319 million shares came off lockup this morning,

Two weeks after Tesla's earnings report was panned by Wall Street, Elon Musk faces investors again, but this time to discuss SpaceX's results.

It's important to note that SpaceX's trajectory since its IPO isn't uncommon. Most stocks experience a pop on their first day of trading, just as SpaceX did. SpaceX saw its shares close 19% above its IPO price of $135 per share on its first day of trading.

Anthropic plans supervoting shares for founders before its IPO, copying SpaceX’s Musk playbook with one key safeguard.

Buy SpaceX (SPCX) after the Aug. 20 unlock-driven selloff. The article flags heavy supply over the next months, but the stock is already far below IPO and has repeatedly recovered as investors refocus on growth.

The cash pile sounds bottomless. The spending plan it funds is built to outgrow it.

George Noble, a former Fidelity fund manager, said the "Elon premium" that's helped drive bullish sentiment in Musk's companies is fading.