SpaceX share price drops below stock market debut

Image caption, Elon Musk became the world's first trillionaire when SpaceX floated SpaceX's share price has dropped below its stock market debut just over a month ago, falling sharply from a post-float peak. The price for a single share in Elon Musk's rocket, satellite and artificial intelligence (AI) company fell to $132.62 (£98.24) on Wednesday, below its initial listing of $135 in June. SpaceX's initial public offering (IPO) made Musk the world's first trillionaire. Compared to its on-the-day high so far, the stock price is now down 41%. If the price holds, or falls further, it will mean that those who purchased stock around the time of its flotation will stand to lose money on their investment.