SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time as hype around the reusable rocket maker fizzled.

Shares have whipsawed since the reusable rocket maker’s historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire.

The stock slumped about 2% on Wednesday, putting shares about 34% below their IPO price.

SpaceX’s unwind comes ahead of the company’s 13th Starship test flight, slated for Thursday, and suggests enthusiasm for the aerospace company is already cooling off about a month after its blockbuster debut.

Last month’s offering also ushered in a potential hot streak for IPOs, with offerings…