SpaceX stock crashes, falls for
Photo: Yuki Iwamura/AP/TT

SpaceX stock crashes, falls for third day in a row

Space company SpaceX started the trading week in the US in the worst possible way. Its stock fell 16.4 percent.

This is the third day in a row that the stock has fallen. It is now close to $155. Despite the decline, the price is still slightly above the subscription price of $135.

The performance among the leading indices on the New York Stock Exchange was mixed. The Dow Jones Industrial Average was up 0.3 percent, while the broad S&P 500 and the technology-heavy Nasdaq fell 0.4 and 1.3 percent, respectively.

Negotiations between the US and Iran continue and are said to be making progress. This afternoon, it was announced that the US will pause sanctions on Iranian oil for two months.

The price of oil has fallen. A barrel of North Sea oil costs just over $78 in the evening local time in Sweden.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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