SpaceX stock fell below its IPO price for the first time this week. Here are a few reasons why

Last month, Elon Musk’s Space Exploration Technologies Corporation, better known as SpaceX, transitioned from a private entity to a publicly traded company. It entered the stock market on June 12 with the largest initial public offering (IPO) in stock market history. Yet on Wednesday, SpaceX shares (Nasdaq: SPCX) dropped below their starting IPO, after just a month on the market. Originally priced at $135, the stock dropped to $132.62, with shares dropping 2.2% in intraday trading. If these…