What Move Will SpaceX Stock Make After Sept. 9? The Evidence Is Piling Up, and Here’s What It Shows.
SpaceX launched a record IPO almost three months ago.
Space Exploration Technologies (NASDAQ:SPAC) has been a captivating stock market tale in 2021. The company, widely known as SpaceX, executed the largest initial public offering in history, achieving a market value of a trillion dollars. To put this in perspective, established tech firms like Nvidia and Microsoft took years to reach such valuations upon going public.
SpaceX's stock opened at $150 on June 12, 2021, and swiftly surged above $200 within days. However, the price subsequently tumbled back to its IPO level and even dipped below it. Currently, it trades around $140. Investors have been monitoring particular occurrences like joining the Nasdaq-100 in July, the company's inaugural earnings report in August, and the expiration of share lockups as potential catalysts for stock price fluctuations.
Now, less than two weeks away from the following significant trigger, the question remains: what will happen to SpaceX stock following September 9? The mounting evidence suggests the following insights.
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