
SpaceX ($SPCX) shares fell 5% on Wednesday, cooling off after a post-IPO rally that saw the stock surge approximately 40% from its initial $135 offering price. Despite the recent dip, the company's market capitalization briefly surpassed that of Amazon on Tuesday. The author suggests this price correction is a healthy alternative to the stock continuing to trade at increasingly high valuation multiples.

By LiebermanAustin
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