SpaceX stock slid on Monday, moving closer to its $135 initial public offering price after two straight days of losses.
Shares are currently closing in on the benchmark 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 gastronomic events around New York, celebrating local food culture.
Analysts note the slide mirrors broader market pressures.
The dip pushes the stock within striking distance of its debut valuation.
Organisers anticipate strong turnout from food enthusiasts.