Key highlights:
- SPCX rose approximately 6% to $127 on Tuesday after closing below $120 on Monday
- The rebound ended a seven-day losing streak, but the stock remains sharply lower than its post-IPO peak
- Investors are watching a Starship test flight scheduled for July 23 and SpaceX’s first public earnings report
last week, adding to its existing position.
Tuesday’s rebound has ended SPCX’s seven-day losing streak, but the stock remains well below both its IPO-day levels and its all-time high. Upcoming launch activity, earnings results and the lock-up expiration could determine whether the recovery develops into a broader reversal or proves to be a temporary bounce.
Source:: SpaceX Stock Jumps 6% to Snap Seven-Day Losing Streak, but Remains 43% Below Record High