Shares of Space Exploration Technologies fell sharply again Friday, dropping 5.83%, or $7.65, to $123.46, extending a punishing slide that has now dragged the stock more than 45% below its all-time high just one month after its record-setting Wall Street debut.

Friday's decline marks the latest leg of a selloff that has accelerated since SpaceX shares first breached their $135 initial public offering price earlier this week. The stock closed at $135.27 on Wednesday, its first close below the IPO price since going public, before continuing to slide through Thursday and into Friday's session, with shares briefly touching an all-time low near $130.74 before Friday's move pushed the stock even lower.

SpaceX made its long-anticipated Wall Street debut on June 12, pricing its initial public offering at $135 per share after raising $85.7 billion, more than its original $75 billion target, in what became the largest IPO in history. Shares opened trading at $150, climbed nearly 20% on their first day, and continued advancing in the days that followed, eventually reaching an all-time high of $225.64 on June 16, just four days after the listing. That peak valuation pushed SpaceX's market capitalization above $2 trillion, a threshold that other trillion-dollar companies like Nvidia and Apple took years to reach after going public.

Since that mid-June high, however, the stock has fallen in nearly every trading session, according to data from NBC News, with the........

© International Business Times