SPCX Stock Suffers First Post-IPO Drop: Locked-Up Shares And Missing Shorts Skewed Debut Run, Analyst Says
Future Fund’s Gary Black said SPCX had traded more like a “meme stock” than a fundamentals-driven company. SPCX stock fell 5% Wednesday, marking its first decline since SpaceX’s IPO after a three-day rally that lifted shares 50% above their $135 offering price. The pullback came a day after SPCX options began trading, giving bears their … Read more