• Hazelnoot [she/her]@beehaw.org
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    9 hours ago

    It was the third straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.

    At Monday’s closing price of $154.60, average investors who bought SpaceX shares on the open market after its debut have now seen most of their gains disappear, market data shows.

    The company itself — and holders of its previously privately held shares — made more than $85 billion in the initial public offering.