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Elon Musk's SpaceX IPO was off to a gangbusters start.
Even at an unprecedented valuation of almost $2 trillion, shares shot into space like precious cargo atop a Falcon 9 rocket, soaring from an opening price of $151 to an all-time high days later of over $225 early Tuesday.
But by mid-week, that initial enthusiasm was met with a brutal reality check. Shares have been trailing since late Tuesday, wiping out almost all of the gains of the average investor who bought shares after the IPO, as CNBC reported on Thursday.
News:
https://finance.yahoo.com/markets/stocks/articles/spacex-investors-losing-colossal-amount-140221380.html