Business
SpaceX Stock Nears IPO Price Following Solid Earnings Report
Following better-than-expected second-quarter revenue, SpaceX’s stock price rises towards its initial public offering level.
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SpaceX's stock has rebounded to nearly $135, the price set during its initial public offering, following the release of its second-quarter earnings report, which showed better-than-expected revenue.
This marks the first time in almost a month that the company's shares have traded above the IPO price. Despite this increase, the stock remains significantly lower than its previous highs, as reported by MarketWatch.