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SpaceX postponed a crucial launch — and its stock went on to close below IPO price for second day

Space Watch SpaceX postponed a crucial launch — and its stock went on to close below IPO price for second day Shares in SpaceX fell further below their initial-public-offering price Friday after the spacecraft manufacturer aborted an attempt to launch its Starship rocket. The Texas-headquartered company’s stock SPCX fell more than 5% on Friday, on the heels of a 3% slide on Thursday, bringing its price more than $10 below where it launched on the Nasdaq on June 12. The stock is has lost steam for five days in a row.

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