June 18 : Shares of Elon Musk's rockets-to-AI firm SpaceX dropped nearly 9 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8 per cent to $174.8, after falling nearly 5 per cent in th

Shares fell by as much as 7% during volatile trading - after they had been up by 6% earlier in the session. They eventually closed almost 5% lower.

Elon Musk’s rocket firm pulled back from a rally that pushed its market value ahead of Amazon and Microsoft.