TradingKey – SpaceX Stock Surges and Retreats Below $150 Mark: Is the Rebound Over?

On September 24, Eastern Time, SpaceX (SPCX) shares continued to weaken, falling 0.3% in pre-market trading to temporarily trade at $147.91. Yesterday, SpaceX stock tumbled 4.11%, falling back below its opening price of $150 on its debut trading day. So, does SpaceX’s fall below this key level mean the rebound has completely come to an end?

Recently, the market has noted that SpaceX is gradually slowing down and planning to phase out its main Falcon 9 rocket in stages, shifting more resources and launch missions comprehensively to the Starship system. Although this favors long-term commercial space scaling, operational risks and capital expenditure…