Space Exploration Technologies (NASDAQ:SPCX) stock has been in a relentless downtrend since its initial public offering (IPO) in June.
The shares are now trading just above their record low of $106.97, more than 52% below their post-IPO peak.
Attention now turns to the company's earnings report this week, which could determine whether the stock stabilizes or extends its sharp decline.
SpaceX to Publish First Earnings as a Publicly Traded Company SpaceX's share price has come under intense selling pressure since its IPO, mirroring the performance of many newly listed companies that surge in the early days of trading as investor enthusiasm peaks before giving back much of those gains.
The sell-off has also mirrored the performance of other companies in its industry.
