SpaceX (SPAC) Stock Surges Over 60% Post-IPO; Volatility Persists

AI Summary

SpaceX (SPAC) saw its stock price surge over 60% following an IPO at an initial share offering price of $135, briefly surpassing Amazon and Microsoft in market cap. However, it experienced daily declines of 5%, 4%, and a 16% drop as volatility increased. Retail investors purchased a net $405 million in shares during the first five trading sessions, making it a strong IPO debut. Despite ambitious revenue projections of $1 trillion by 2030, SpaceX reported a net loss of $4.9 billion in 2025 and $4.28 billion in the first quarter of the following year.