SpaceX (SPAC) Stock Climbs 4% After Initial Drop Below $150 Price

AI Summary

SpaceX (SPAC) shares increased by 4% on Tuesday after falling below $150, the initial trading price from nearly two weeks prior. The company's market capitalization dipped below $2 trillion following a $400 billion sell-off on Monday that saw a 16% decline. Prior to this, it experienced losses of 3.6% and 5% over the preceding two days. While SpaceX's stock initially surged over 50% from its IPO price on June 12, many investors have seen substantial losses as shares have recently retreated. The company disclosed $100.8 billion in cash and announced a major computing power agreement valued at up to $6.3 billion.