SpaceX stock sinks below $135 IPO price for the first time

SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time as hype around the reusable rocket maker fizzled.

Shares have whipsawed since the reusable rocket maker’s historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire.

The stock slumped about 2% on Wednesday, putting shares about 34% below their IPO price.