Global Stock News

SpaceX stock hovers at IPO opening price as rival Blue Origin seeks $10 billion in fresh funding

SpaceX stock hovers at IPO opening price as rival Blue Origin seeks $10 billion in fresh funding

A day after SpaceX (SPCX) stock dipped below its market debut price — and as rival Blue Origin shores up its capital position — the company finds itself at a crossroads.

The shares are trading within range of their $150 offer price on Wednesday, but there is some concern among investors that the company’s inclusion in the Nasdaq 100 (^NDX) didn’t lead to a bump in price. 

SpaceX stock tumbled 7% yesterday. Typically, the addition to a major stock index would prompt buying from ETFs and mutual funds that track the index.

Some analysts and market strategists suggested that the Nasdaq inclusion was already priced into the stock, and recent Nasdaq weakness wasn’t helping matters. 

An…

Source link

Share this article

Scroll to Top