SpaceX shares fall 9%

Shares of SpaceX, the space company owned by billionaire Elon Musk, fell sharply on Monday amid a continuing slide. According to stock exchange data reported on Tuesday by Bloomberg, the stock price dropped 9.08% to $168.2 per share. The maximum intraday decline during Monday’s trading reached 10.7%. The selloff follows an active rise earlier, but shares have now fallen for the third straight trading day. Compared with the record high of $225.64 set on Tuesday of the prior week, the decline amounts to more than 30%, suggesting investors have shifted expectations after that peak.