Global Stock News

SPCX Rebounds Over 5% Ahead of Earnings; Can First Earnings Report Reverse Slump?

SPCX Rebounds Over 5% Ahead of Earnings; Can First Earnings Report Reverse Slump?

TradingKey – As of August 3 ET, SpaceX ( SPCX) shares staged a rebound, closing up 5.68% and ending its previous run of corrections. Previously, SPCX had pulled back all the way from its post-listing high of $225.64 to a low near $104.83, representing a cumulative decline of over 50% and a sharp contraction in market capitalization from its peak. As the company is set to release its first post-listing quarterly financial report after the bell on Tuesday, the market is refocusing on SpaceX’s profitability, Starlink’s growth rate, and the commercialization progress of Starship, prompting some funds to position themselves ahead of time.

Why Did SPCX Stock Price Rebound?

SpaceX shares rebounded on Monday, mainly driven by rising earnings…

Source link

Share this article

Scroll to Top