Still, it remains on track to end the week about 35 per cent above its US$135 (S$175) IPO price. Read more at straitstimes.com. Read more at straitstimes.com.

SpaceX shares surged 30% above the $135 IPO price on day one, with underwriters exercising a greenshoe option to sell 83.3M additional shares.

After a strong start, questions remain on how the company will reach profitability.