SpaceX (SPCX) stock recovered after hitting an all-time low on Monday, days after a successful test of its Starship rocket. The surprising drop indicates persistent investor caution toward the newly public company, despite it hitting an important launch milestone.
SpaceX stock was down 4% in early trade but recovered by midday, closing up 2.6%. The stock hit an all-time low of $109.53 on Monday, before closing down 1.4% at $113.50. Shares have shed nearly 30% from the $150 market debut last month and are down an astounding 50% from their all-time high of $225.64.
Concern seems to be growing ahead of ***** eX's big second quarter earnings report, set for Aug. 4, with a big share unlock happening on Aug. 6. Per ***** eX's lockup period plan, as many as 20% of shares are eligible to be sold.
Read more: ***** eX stock is falling. What investors should do next.
The rising angst among ***** eX investors comes after Starship launched Friday evening from Starbase, Texas, on its 13th test flight, the first since ***** eX's June IPO. Starship deployed all 20 of its next-generation Starlink V3 satellites, relit an engine in ***** e, and made what ***** eX called its softest ocean splashdown yet.
#recovered
SpaceX stock was down 4% in early trade but recovered by midday, closing up 2.6%. The stock hit an all-time low of $109.53 on Monday, before closing down 1.4% at $113.50. Shares have shed nearly 30% from the $150 market debut last month and are down an astounding 50% from their all-time high of $225.64.
Concern seems to be growing ahead of ***** eX's big second quarter earnings report, set for Aug. 4, with a big share unlock happening on Aug. 6. Per ***** eX's lockup period plan, as many as 20% of shares are eligible to be sold.
Read more: ***** eX stock is falling. What investors should do next.
The rising angst among ***** eX investors comes after Starship launched Friday evening from Starbase, Texas, on its 13th test flight, the first since ***** eX's June IPO. Starship deployed all 20 of its next-generation Starlink V3 satellites, relit an engine in ***** e, and made what ***** eX called its softest ocean splashdown yet.
#recovered
2 months ago
