SpaceX (SPACEX) IPO Debut: Shares Rise 6% in Premarket Trading
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX (SPACEX) shares increased approximately 6% in premarket trading, reaching around $170 after a significant initial public offering (IPO) last week. This IPO marked the largest in history, with shares closing at $161 on Friday, up 19% from the initial price of $135. The company's market capitalization has exceeded $2 trillion. Analysts from CFRA have rated the stock as a 'sell' with a target of $115, citing high valuation and ambitious growth strategies, while NewStreet Research has a price target of $165 for long-term investors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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