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Economic Times
SpaceX shares experienced their first decline since their IPO on Wednesday, ending a three-day rally that briefly surpassed Amazon's valuation. The stock saw significant intraday swings, though it remains well above its IPO price
. Analysts suggest limited free float and upcoming lockup expirations could influence future trading.
The stock dropped as much as 7.3%, after rising as much as 6% earlier in the session. Even so, shares remained nearly 50% above their $135 IPO price.
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