From $135 to $154: Tracking SpaceX's Stock Volatility in Its First Weeks as a Public Company

SpaceX experienced extreme volatility in its first weeks as a public company, surging 50% to $226 before plummeting 32% to $155. The wild swings are driven by its tiny 4.2% public float, with 95.8% of shares locked up by insiders. A $25 billion debt offering announcement on June 22 triggered the recent decline. The stock is expected to remain volatile until the lockup period ends in December.