The stock fell further before the open after a sharp 16% decline left shares trading near levels that had wiped out the bulk of their post-IPO advance.
SpaceX $SPCX remained under pressure in premarket trading after a 16% decline erased most of the stock’s gains since its IPO. The move points to continued selling momentum after an early post-listing rally largely faded, leaving investors focused on whether shares can stabilize after the sharp reversal.