SpaceX Shares Dip Below IPO Price, Valuation Falls Below $2 Trillion

SpaceX shares have dipped below their IPO price, causing the company's valuation to fall below $2 trillion. Similarly, Cerebras has experienced a significant decline, with its stock also sinking below the IPO price. This represents a major blow to early investors, as the AI chip maker's stock has dropped more than 50% from the all-time intraday high reached six weeks ago. Both companies are currently facing downward pressure on their market valuations.