SpaceX shares dropped roughly 7% in early trading after the IPO, leaving buyers who bought at the opening price nearly at breakeven or slightly underwater against the volume-weighted average price. The stock's decline came shortly after the company announced an acquisition (Cursor), showing that even massive IPOs face typical post-launch volatility. Multiple financial outlets confirm the specific price levels and timing, though the post offers no context about whether this pullback is unusual for IPOs of this scale or typical market consolidation.