SpaceX shares briefly dipped below their $135 IPO price for the first time on Tuesday, June 23 — about 11 days after the company went public on June 12. The stock has given back most of its post-IPO gains after three straight down trading days, though some outlets report it was hovering closer to $160 by late trading. The sell-off follows a typical post-IPO pullback and coincides with SpaceX announcing a new bond offering and reporting $100.8 billion in cash on hand.