SpaceX (SPCX): Investors Are Buying the 30% Dip, Should You?

Shares in SpaceX (SPCX) are down 30% in the last month; however, the rocket company’s first earnings report is keeping investors reeled in. Retail investors have bought SPCX every day since its IPO, and that is continuing after its inaugural earnings report exceeded expectations. Individual investors bought a net $22.7 million of SpaceX shares during the first hour of trading on Wednesday, according to Vanda Research. That was more than three times the stock’s average opening-hour inflow and its third-largest opening-hour haul across 37 trading sessions.

That data also reveals that SpaceX has yet to record a single day of net retail selling since its June 12 debut. Upon launch, SPCX shares did rally quickly, but have since cratered in price. Looking at last week, SpaceX’s first results as a public company gave both sides something to work with. Revenue and adjusted earnings topped expectations, while nearly $16 billion in quarterly spending on AI and data centers underscored the cost of the expansion.

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