SpaceX stock dropped on Monday, slipping closer to its $135 initial public offering price after two straight days of losses.
Shares are now closing in on the level 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 host citywide culinary events around New York, celebrating local food culture.
Analysts note the slide mirrors broader market pressures.
The dip brings the stock within striking distance of its debut valuation.
Organisers forecast strong attendance from food enthusiasts.