SpaceX stock dropped on Monday, falling closer to its $135 initial public offering price after two straight days of losses.
Shares are now approaching the threshold set during the company’s 2025 listing.
Separately, the Food Network New York City Wine & Food Festival, presented by Invesco QQQ, is set for October 15–18.
The four‑day event will host citywide culinary events across New York, highlighting local food culture.
Analysts note the slide shows broader market pressures.
The dip brings the stock within striking distance of its debut valuation.
Organisers anticipate strong participation from food enthusiasts.