Key Takeaways

• SpaceX shares closed below their $135 IPO price for the first time, marking a sharp decline from their earlier highs.

• Broader market sentiment shifts and lock-up expirations could increase selling pressure—or get the shares rising again.

What a short, strange trip it’s been.

SpaceX (SPCX) shares finished Thursday below their $135 IPO price for the first time, closing down 3% at just above $131 as broader markets tumbled amid a tech sell-off. The move marked a fifth straight daily decline and punctuates a dramatic comedown for a stock that was launched to great hullaballoo in…