Selling the Dream of SpaceX Was the Easy Part. Now Elon Musk Has to Hang On. - WSJ
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- SpaceX stock neared its IPO price again after staging a $327 billion rally, according to Bloomberg's headline.
- SpaceX stock weathered an earnings storm and a lock-up expiration in what Yahoo Finance called a crucial test for investors, while the WSJ framed the moment as Elon Musk now having to defend the company's valuation.
Why it matters: For early SpaceX investors facing a lock-up expiration that could have flooded the market with supply, the $327 billion rally back toward IPO price erased the post-earnings risk that had threatened the privately traded stock's value.
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