SpaceX (NASDAQ: SPCX) stock price dropped to its IPO price of $135 on July 14 as investors continued to take profits. This drop comes as the governor of the Bank of England, David Bailey, warns that a crash in AI stocks could affect the UK economy and lead to the Bank of England increasing interest rates.

SPCX stock was up by 1.1% today, July 15, to trade at $136 at the time of writing.

SpaceX Wobbles as AI Bubble Concerns Grow

SpaceX stock dropped below its NASDAQ debut price of $150 on July 7. But the fall did not stop there because the shares moved to the IPO price of $135 on July 14.

This drop coincides with mounting concerns that AI stocks are at risk if the AI bubble bursts.

On July 8, former White House economic advisers Jared…