SpaceX shares fall below NASDAQ debut price amid investor doubts

SpaceX shares, which were a stock market sensation as recently as June, have fallen below the price recorded during the company's first NASDAQ transaction. Investors are now questioning whether the valuation built on Starlink, Starship and orbital AI ambitions is justified given the company's current state. It marks one of the worst stretches for Elon Musk's space firm in recent memory.