SpaceX shares slide below IPO price for the first time as blistering rally unravels

July 15 : SpaceX shares dropped below their initial public offering price on Wednesday, a first for the company, just over a month after a frenzy over the rockets-to-AI firm powered the biggest IPO ever and made Elon Musk the world's first trillionaire.Its shares slid 1.9 per cent to $133.5, falling below the $135 apiece IPO price and well below the all-time high of $225.64 that had propelled the company's market valuation briefly above those of Silicon Valley giants Microsoft and Amazon.The decline leaves investors who bought into the company at the IPO price sitting on paper losses for the first time, potentially testing confidence in the stock. It also offers a reminder that Wall Street enthusiasm can cool quickly, even for a company with the size and scale of SpaceX, which raised aroun