SpaceX stock closed at $138.74, regaining its $135 IPO price for the first time since mid-July after a prolonged dip.
SpaceX shares rose 4.2% to close at $138.74 on Monday, reclaiming the $135 IPO price after trading below it for several weeks. The stock had first slipped under the IPO price in mid-July, marking its first sustained dip since going public.
Prior to Monday’s gain, SpaceX had struggled to maintain momentum, with investors closely watching its valuation relative to the IPO benchmark. The rebound follows recent market volatility and shifting sentiment around high-growth tech stocks.
No immediate market reaction was detailed in the report, but the move signals renewed investor confidence in the space exploration firm’s near-term prospects.