SpaceX Extends Two-Day Drop a Week After Largest-Ever IPO (3)

SpaceX is proving that even the largest-ever IPO is not immune to the type of share-price volatility that tends to rock big companies after they go public.

Shares of Elon Musk’s rocket, satellite and artificial intelligence company fell for a second straight day, dropping as much as 10.3% intraday on Thursday to extend Wednesday’s decline of nearly 5%. Still, SpaceX remains on track to end its first full week as a public company about 30% above the $135 price of its initial public offering.

Volatility is likely to continue as investors weigh lofty expectations for future revenue growth without ...