SpaceX Stocks Crash 34%, Echoing Tesla's 2010 IPO Reversal

SpaceX has fully retraced its post-IPO gains, falling roughly 34% from the launch high in about six trading sessions after an initial ~50% pop from the offer price. The drawdown echoes the 2010 Tesla IPO almost bar-for-bar: Tesla rallied ~60% from its June 29, 2010 open, slipped back below the IPO…