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$135 is the price SpaceX shares slid below, matching the company's Wall Street offering level and crossing it to the downside for the first time since the June debut.
The figure carries direct math: above it, investors who bought the AI and rocket group's IPO held a gain; below it, they hold a loss. The stock had traded above $135 from the date of the June listing until this session.
The IPO level inverted An offering price breach resets the reference frame. What was the floor for IPO buyers is now the ceiling they need to recover.
For any investor who paid $135 at SpaceX's June debut, the position is now underwater by however far the stock has moved below that mark.
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