SpaceX shares slipped below their IPO price for the first time, signalling fading investor enthusiasm after a strong debut. The decline highlights valuation concerns, broader market pressure and risks tied to high-growth stocks. Despite strong initial demand, the companys lack of profitability and early-stage projects continue to weigh on sentiment.

SpaceX went public a month ago in a record IPO. Elon Musk's space and AI company was added to the Nasdaq-100 last week.

The stock has fallen over 10% since its listing on the Nasdaq on June 8.

SpaceX shares slipped below their IPO price for the first time, signalling fading investor enthusiasm after a strong debut. The decline highlights valuation concerns, broader…