SpaceX shares dropped for a third consecutive trading day on Monday, extending a pullback after the Elon Musk-led firm's mega IPO earlier this month.

A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past two full days of trading.

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SpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announcement of its first investment-grade…

Stock sheds hundreds of billions of dollars in market value