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Retail buying of SpaceX stock continues after sharp post-earnings drop

MarketWatch +1 ·

SPCX Space Exploration Technologies Corp
$126.06 +10.07%
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  1. 1Retail investors kept buying shares of SpaceX (SPCX) on Wednesday after the stock plunged on its first earnings report since listing.
  2. 2According to Vanda Research, net buying of $22.7 million in the first hour of trading ranked third among 37 post-listing sessions on an hourly basis.
  3. 3Shares fell as much as 12.9% amid concerns over how much the profitable Starlink business can support costly AI investments.

This 3-line summary is compiled from the report below.

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