SpaceX is trading 3.4% up now at $117.34 as the stock rebounds from a sharp post-IPO slide and fresh institutional buying.
- Cathie Wood’s ARK Invest disclosed a roughly $21 million stake in the company, signaling renewed confidence after the stock fell 45% from its peak.
- The move marks a significant shift in sentiment as institutional investors step in to buy the dip following recent market volatility.
- Shares are stabilizing as the market digests the impact of the initial post-IPO sell-off and the entry of high-profile growth investors.