Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.

SpaceX shares climb in premarket after its record $75 billion IPO. Crypto markets react with $1.2B in Hyperliquid futures and tokenized equity trading.

SpaceX shares surged 63% after its historic $75 billion NASDAQ IPO, briefly pushing its market cap near $2.9 trillion and making Elon Musk a paper