SpaceX stock slides toward $135 IPO price after Nasdaq debut

SpaceX stock is sliding toward its $135 IPO price for a second straight day following its Nasdaq debut. This decline occurs only weeks after the company went public. The current market movement is signaling potential trouble for the upcoming trillion-dollar listings of OpenAI and Anthropic. The stock's trajectory toward the initial offering price reflects a cooling period for the company's valuation immediately after its entry into the public trading market on the Nasdaq exchange.