Elon Musk's SpaceX erases gains since red-hot debut on US stock market (opens original article in a new tab)

SpaceX's stock price fell below its initial public offering price, erasing gains from its red-hot debut less than two weeks ago.

• SpaceX's stock price dropped below its IPO price, erasing gains since its June 12 debut
• Shares fell to $147.11 at market open before recovering slightly to $153
• Analysts cited concerns over financial disclosures, potential market exposures, and bond issuance for the stock decline