SpaceX stock eyes $8 billion index hurdle as shares stumble in first week after IPO
Space Exploration Technologies Corp., also called SpaceX, starts the week facing a new IPO test. This time it’s about if index funds can keep up demand for a $2 trillion company, where the public float is thin and capital demands remain high. U.S. cash equities are closed for the weekend. SpaceX last changed hands at $153.23, up 13.5% from its $135 IPO but still down roughly 32% from the 52-week peak at $225.64.