SpaceX Extends Rebound as Analysts Highlight Potential Tesla Tie-Up (SPCX)
Key takeaways
- Shares closed Tuesday up 0.9% at $156.06 after falling as low as $147.11 during the session, below the stock’s June 12 opening price of $150.
- Although the stock remains well above its IPO price of $135, investors who purchased shares after the public listing have seen much of the early post-IPO gains disappear.
- The recovery follows a sharp 16.4% decline on Monday after KeyBanc adopted a more cautious view on the stock, arguing that the company’s valuation had become stretched following its rapid post-listing rally.
Space X Extends Rebound as Analysts Highlight Potential Tesla Tie-Up (SPCX) Fiona Craig Wed, June 24, 2026 at 6:02 PM GMT+7 5 min read SPCX TSLA Space X rocket launch ©Space X Space X (NASDAQ:SPCX) continued to recover in premarket trading on Wednesday after rebounding from losses that briefly pushed the stock below its post-IPO opening price.
Shares closed Tuesday up 0.9% at $156.06 after falling as low as $147.11 during the session, below the stock’s June 12 opening price of $150. The shares advanced a further 1.2% in premarket trading by 04:43 ET (08:43 GMT).
Although the stock remains well above its IPO price of $135, investors who purchased shares after the public listing have seen much of the early post-IPO gains disappear. SpaceX shares reached a high of $225.64 shortly after the company’s market debut.