Following its mega-IPO, shares of Elon Musk’s SpaceX rocketed to new heights, peaking at just over $222 on Tuesday morning.
But as any rocket company knows, what comes up must come down. Shares started to tumble on Tuesday and then Wednesday, wiping out well over $100 billion in market capitalization. Shares slipped by almost five percent on Wednesday alone, the company’s first day of overall decline.
And as Bloomberg reports, the company had a bad night as well, with shares down…