SpaceX stock hit an all-time low of $145.20 in midday trade on July 9, falling below its $150 opening price after the company’s record-breaking IPO debut on June 12, according to AOL Finance. The rocket and satellite company’s shares have now surrendered nearly all gains from the initial public offering, which priced at $135 per share and opened at $150, marking an 11% first-day jump that sparked investor enthusiasm for the historic deal.

The decline accelerated in late June when SpaceX disclosed plans to raise $25 billion in debt financing, less than two weeks after going public. By June 22, the stock fell 16% to $154.60 on the debt announcement, according to KuCoin, as investors grew concerned about the company’s capital…