TradingKey – After experiencing intense volatility in its early post-listing period, SpaceX (SPCX) shares have reclaimed $150. Since debuting on Nasdaq on June 12, this popular new stock first surged rapidly before pulling back sharply, completing a cycle from frenzy to cooling and then to valuation recovery in just three months.

Following its IPO on June 12, the company’s stock opened at $150, above its $135 offer price, and subsequently climbed to a high of $225.64 before dropping to a low of $104.83 in early August. As of September 11, the stock closed at $151.21, up 2.04% for the day, roughly 12% above its offer price, but still down about 33% from its all-time high.