SpaceX stock price has recovered toward $170 per share after one of the most violent post-IPO selloffs in recent market history. SPCX closed at $164.19 on June 30, up 7.15% on the day, and pushed higher in early July trading as multiple catalysts converged ahead of the company’s Nasdaq-100 inclusion on July 7.

The rebound follows a brutal stretch that saw shares fall 35% from their all-time high of $225.64 on June 16 to a low of $147.11 on June 23, briefly dropping below the IPO opening price of $150. That selloff, which Memeburn covered in detail, erased more than $600 billion in market capitalization in less than a week.

What is driving the SpaceX stock price recovery

Three developments helped reverse the decline in the final days of…