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SpaceX stock falls again on NYSE
Today, SpaceX's stock on the New York Stock Exchange experienced a decline, reaching a low of $150 and a high of $160 after a sharp increase from $135 at its debut in June, which pushed it above $225 in the early days. Market correction and profit-taking led to the stock dropping approximately 6.6% by the end of trading, amid investor concerns over the company's valuation exceeding $2 trillion and the risks associated with expanding projects like Starlink and Starship. Shares of other tech companies, such as Apple and Microsoft, also fell due to worries over AI spending and expectations of rising interest rates in the United States.
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