SpaceX stock dropped on Monday, slipping closer to its $135 initial public offering price after two straight days of losses.
Shares are currently 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 planned for October 15–18.
The four‑day event will feature citywide food events around New York, highlighting 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.