SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign
Demand exceeded available shares by about 4 times, while SpaceX reported a $4.9 billion net loss and a lockup that could add selling pressure.
4 Articles
4 Articles
SpaceX went on stock on June 12 in the Nasdaq with the largest IPO in history, raising $75 billion at a fixed price of $135 per action. In the next three days, shares rose 67% to $225.64. This week, the price dropped more than 20% and quoted around $179, although it remains 32% higher than its starting price.Two consecutive ads triggered the fall: SpaceX said it would buy the programming startup with Cursor artificial intelligence for $60 billio…
SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign
The post SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign appeared first on 24/7 Wall St.. The biggest stock market stories often begin the same way: enormous excitement, headlines about record-breaking demand, and a stock price that climbs the moment trading begins. SpaceX checked every one of those boxes when it debuted on the Nasdaq on June 12. Shares were priced at $135, opened at $150, and finished their f…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
