SpaceX shares staged a recovery in late trading on Monday, pulling back from a low of $147 reached earlier in the session.
The rebound follows a brutal week for the aerospace and artificial intelligence company, during which its market value evaporated by more than $1 trillion.
The stock's descent below its IPO price on Tuesday signaled a loss of confidence among early investors, as the shares opened at $147.
The sharp decline has erased all gains accumulated since the company's high-profile initial public offering less than two weeks ago, marking a stark reversal for one of the most closely watched debuts in recent memory.
The sell-off has had a direct and severe impact on founder Elon Musk, who saw the value of his stake drop by approximately $350 billion over the same period.
The stock's descent below its IPO price on Tuesday signaled a loss of confidence among early investors, as the shares opened at $147.11 before attempting to stabilize.
The volatility underscores the fragility of valuations in the current market environment, where high-growth tech names are facing intense scrutiny.