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SpaceX stock has erased all its IPO gains, but a 76% rally may be brewing

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SpaceX stock has erased all its IPO gains, but a 76% rally may be brewing

SpaceX (NASDAQ: SPCX) traded only marginally above its IPO price, closing Tuesday at $136.08—up just $1.08 (+0.8%) versus the $135 offering. The article suggests early post-IPO momentum has faded despite the IPO being billed as the world’s largest.

Analysis

SpaceX (NASDAQ: SPCX) traded only marginally above its IPO price, closing Tuesday at $136.08—up just $1.08 (+0.8%) versus the $135 offering. The article suggests early post-IPO momentum has faded despite the IPO being billed as the world’s largest.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.18

Ticker Sentiment

SPCX-0.18
WWRL0.00