SpaceX Shares Plunge Below Debut Price, Then Skyrocket Amid $600 Billion Sell-Off

SpaceX shares plummeted below their debut price of $150 per share, wiping out $600 billion in market value amid a broader tech sell-off, before rebounding 2.4 percent in early trading. The significant drop was part of a broader market downturn that saw many tech stocks take a hit. SpaceX's stock price jumped back up from its lowest point, reflecting some investors' continued optimism about the company's future prospects.