SpaceX stock tumbled on Monday, moving closer to its $135 initial public offering price after two straight days of losses.
Shares are currently 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 scheduled for October 15–18.
The four‑day event will feature citywide gastronomic events throughout New York, honouring local food culture.
Analysts note the slide mirrors broader market pressures.
The dip drives the stock close to its debut valuation.
Organisers expect strong participation from food enthusiasts.