SpaceX’s publicly traded shares decline after an early post-IPO surge fades. Multiple outlets report that the stock briefly trades below its $150 IPO debut price roughly a week to a little over a week after the company’s June public offering. The New York Times and Breitbart say shares dip below $150 and then hover near the debut level after several losing sessions erode gains from the first week. NBC News reports that the stock closes below the IPO price for the first time since going public, with further sharp declines driving the move. Business Standard and Quartz describe continued weakness and cooling investor enthusiasm after an initial rally that had pushed the company’s valuation higher soon after trading began. Other reports characterize the drop as part of a broader slide from a post-IPO high, including mentions of larger percentage declines over the first month and losses wiping out gains for some investors. Financial Post frames the move as raising doubts about enthusiasm for newly public companies, particularly those tied to the AI theme. Across coverage, the central theme is a post-listing decline that brings the share price back below the IPO benchmark.