SpaceX shares climbed about 2% on Tuesday after slipping below $150, the price of its first trade when it debuted nearly two weeks ago. The initial slide also took the market cap below $2 trillion.
Elon Musk‘s space and artificial intelligence company saw a $400 billion sell-off on Monday, tanking 16%, following drops of 3.6% and 5% the previous two days of trading.
SpaceX posted huge gains after a record-breaking IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization, before falling back below both as sentiment cooled.
SpaceX stock.
The company announced on Monday a senior unsecured notes offering and disclosed that it had $100.8 billion in cash and cash equivalents on hand as of…
