Just over a month after SpaceX raised $85.7 billion in the largest IPO in history, its newly listed shares have fallen below the $135 offering price for the first time. Data from Yahoo Finance shows SPCX shares dropped to a post-listing low of $132.28 on Wednesday, marking a sharp reversal of the initial market enthusiasm. The decline comes as roughly $600 million in leveraged positions remain outstanding, raising the risk of forced selling if prices continue to fall. Adding further pressure, a substantial share unlock is approaching, which could increase the supply of tradable stock and weigh on the price. The combination of leveraged bets and the impending unlock has heightened concerns about near-term volatility for the recently public company, whose debut had been closely watched by investors across both traditional and digital asset markets.
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