SpaceX Stock Falls 5% on First Post-IPO Decline as Options Trading Opens

SPCX stock fell 5% on Wednesday, marking its first decline since the company's IPO after a three-day rally that lifted shares 50% above their $135 offering price. The pullback followed the launch of SPCX options trading on Tuesday, giving bearish investors their first practical way to bet against the stock. Nearly 1 million call contracts were exchanged on the options' first trading day, placing SpaceX among the busiest options stocks on Wall Street.
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