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Why SpaceX Stock Just Gained 15.8%

The Motley Fool·
Why SpaceX Stock Just Gained 15.8%

SpaceX stock surged 15.8% on Friday after a post-IPO lockup expiration of 911.5 million shares failed to trigger the feared sell-off. The rally was supported by the announcement of a $16.8 billion joint investment with Tesla in a Texas semiconductor facility (Terafab) that will create at least 3,000 jobs. However, analysts remain cautious due to the company's significant cash burn and elevated valuation.

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