Shares of Space Exploration Technologies (SPCX +9.65%), better known as SpaceX, have been on a wild ride during their first two months since the stock’s initial public offering (IPO). The company saw its value touch $3 trillion at its peak just a few days after its market debut, but the market cut that price by more than half at one point, sending the stock price below its IPO price last month.

After its second-quarter earnings report and the first of several lockup expirations, letting early SpaceX investors and employees sell their shares, the stock climbed back above its IPO price. Some investors may see that strong performance in the face of potential selling pressure as a sign that the stock can keep climbing. Here’s what history…