SpaceX's Wild Ride: What a Stock Price Rebound Says About Wall Street's Appetite for Risk The recent stock market volatility has been making headlines, and the latest twist in the tale of Elon Musk's SpaceX is no exception.
The company's shares fell below their IPO price of $135 a share on Tuesday, snapping a three day winning streak. This development highlights the mercurial nature of Wall Street's appetite for risk.
Just last week, SpaceX was riding high after surpassing its IPO price for the first time since mid July. Its stock had gained nearly 30% over three days, indicating growing investor confidence in the company.