SpaceX gives up most post-IPO gains as stock retreats 20% from peak (opens original article in a new tab)

SpaceX shares retreated 20% from their peak, erasing most post-IPO gains, while the company plans a $20 billion bond sale to refinance debt.

• SpaceX shares dropped 3.6% to $184.98, with a five-day VWAP of $181.71, putting post-IPO investors near breakeven.
• The stock fell 20% from its peak of $225, returning to levels seen after the second trading day of the IPO.
• SpaceX plans a $20 billion bond sale, aiming to refinance a $20 billion bridge loan due in 2027, following BBB credit ratings from major agencies.