Is SpaceX Stock a Buy Ahead of a $104 Billion Unlock? Elon Musk Answers
Elon Musk agrees that SpaceX stock is a buying opportunity. He said it in three words on X (Twitter), on the same day the stock hit an all time low.
Two dates now decide who is right. Earnings land Tuesday. Then on Thursday, up to 911 million more shares can hit the market.
Musk Said Three Words. The Stock Hit a Record Low.
An investor posted that this dip would look like an obvious entry later, suggesting the SPCX stock could be coiling up for a big move upwards. Elon Musk responded, backing the prospect of further upside.
Follow us on X to get the latest news as it happens
Space Exploration Technologies Corp (SPCX) fell to $104.83 on Monday. That is the lowest price it has ever touched.
Then it turned around hard. SPCX closed at $114.53, up almost 6% from Friday. Musk posted hours before that late surge.
The bounce does not fix much. The stock is still 15% below its $135 IPO price. It is about half its record high of $225.64.
โฆ Continue reading the full article at the original source below.
