Updated
Updated · Investor's Business Daily · Aug 11
SpaceX Falls 3.9% to $133.29, Slipping Back Below $135 IPO Price
Updated
Updated · Investor's Business Daily · Aug 11

SpaceX Falls 3.9% to $133.29, Slipping Back Below $135 IPO Price

3 articles · Updated · Investor's Business Daily · Aug 11

Summary

  • $133.29 marked SpaceX's close on Tuesday, down 3.9% and back under its $135 IPO price after briefly reclaiming that level earlier this week.
  • The drop snapped a three-day winning streak in which the stock had surged just under 30%, reversing momentum that had carried shares above the IPO price for the first time since mid-July.
  • The retreat leaves SpaceX shares again trading below their offering price, underscoring how quickly recent gains have faded.

Insights

With a massive share unlock looming on August 20, is SpaceX's stock destined for a crash or a surprising rally?
Will the ambitious $100 billion revenue target save SpaceX shares from the upcoming flood of insider selling?
Can SpaceX's shocking $60 billion AI acquisition truly justify its turbulent valuation, or is it a costly distraction?