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SpaceX Stock Rises on ‘Lockup Day’
Millions of shares of SpaceX became eligible to be traded for the first time today.Credit: Justin Sullivan / Getty ImagesKEY TAKEAWAYSSpaceX shares rose today after hitting a record low on Wednesday.Concerns about AI spending and expiring lock-up agreements have pressured SpaceX stock recently.Shares of SpaceX bounced back on Thursday.SpaceX (SPCX) stock gained more than 6% to close at just under $115, moving higher after a dramatic 14% drop yesterday to a record low. Wednesday’s decline unwound a day-earlier rise that came ahead of the company’s first earnings report since its mid-June IPO…
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