SpaceX (SPCX) Burns $700 Billion In Market Cap After Historic IPO Surge Reverses
SpaceX (SPCX) made history when it went public on June 12 in the largest initial public offering ever recorded, debuting on the Nasdaq at $135 per share. The company, formally known as Space Exploration Technologies Corp., was immediately celebrated as the most valuable IPO in history upon its market debut. Shares initially surged as high…