SpaceX shares slide about 12% from recent high in second week after IPO

SpaceX shares have extended a second-week pullback after the company’s IPO, with the stock at $183, about 12% below a recent high. Shares were priced at $135 and opened at $150, rising more than 19% on the first day before giving way to profit-taking and broader macro pressure. Investors’ risk appetite has been constrained after the Federal Reserve held rates steady while signaling a tighter stance, alongside concerns over a high valuation tied to Q1 revenue of 4.7 billion and limited tradable shares. Expectations around a bond refinancing have also added to near-term volatility.