TradingKey – SpaceX (NASDAQ: SPCX) trades now at $156.11 after dipping to $147.11 intraday on June 23, briefly dropping below $150, its June first day opening price, after SpaceX priced its first $25 billion of bonds on a range of coupon rates of 5.350% to 6.650% for maturities ranging from 2031 to 2056. SpaceX received $89 billion of orders against an offering of $25 billion, 3.5x oversubscribed and arguably among the biggest order books on record for investment-grade bonds.

Shares rallied to approximately $156 (+1%) on June 23, in divergence from a broader tech sell-off, and are trading flat to down slightly overnight on June 24. On the 2H chart SPCX is defending an ascending black trendline near $155 to $157 while RSI sits at 35.35…