SpaceX sheds $400 billion in value as stock slides below its IPO-day closing price (opens original article in a new tab)

SpaceX's stock fell below its IPO-day closing price, causing a $400 billion loss in value and making post-IPO investors underwater.

• SpaceX's stock value dropped below its IPO-day closing price.
• Investors who bought after the first trading day are now underwater.
• The company lost $400 billion in value.