SpaceX Stock Risks Build as ARK ETF Flows, Retail Rules and Lockups Test IPO Rally
SpaceX’s first week as a public company ended with the stock still above its offering price, but the trade has shifted from scarcity to supply risk. With U.S. markets shut for the weekend, shares of the Elon Musk-led company last traded at $185 on Friday, down from a Tuesday peak of $225.64 but still about 37% above the $135 IPO price. That matters now because SpaceX is no longer just a stock-market debut. It has become a test of how retail platforms, active funds and index trackers handle a thinly traded, trillion-dollar company whose public float — the shares actually available to trade — is small by mega-cap standards.