SpaceX stock plunged below its IPO-day close, shedding $400 billion in market value

Anyone who bought SpaceX stock in the open market after its first trading day is now underwater on those purchases

Ethan Swope / Bloomberg via Getty Images

SpaceX stock fell 16% on Monday, closing below the price it reached at the end of its first day of trading less than two weeks ago and wiping out roughly $400 billion in market value, according to MarketWatch.

The closing price of $154.60 represented a third consecutive day of losses, finishing well below the $160.90 the stock had reached on........

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