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SpaceX shares are down 9%, putting the stock on course for a third consecutive session of losses.
The decline extends a pullback that has eroded part of the post-IPO rally following the company's record-breaking public market debut on June 12.
The Record-Breaking IPO and the Rally It Sparked SpaceX's June 12 IPO was record-breaking, generating enough initial buying interest to power a rally in the stock's opening sessions.
That buying has since reversed sharply. The past two full trading days both ended in the red, signaling that the initial wave of demand has passed.
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