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Why SpaceX Stock Dropped on Friday

TheMotleyFool

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Falling below $125 per share today, Space Exploration Technologies (NASDAQ: SPCX) stock is officially a broken IPO now -- trading $10 below the point at which it priced its IPO last month. Investors who missed out on the IPO, therefore, can count themselves lucky they didn't lose money.

Image source: The Motley Fool.

But why is SpaceX down at all? And specifically, why is it down 4.7% through 12:10 p.m. ET today?

Source Fool.com

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