U.S. stock market anomaly | SpaceX (SPCX.US) opens with a drop of over 5%, accumulatively dropping 10% in two days.
Zhixun Finance APP learned that on Thursday, SpaceX (SPCX.US) opened weakly and quickly fell by more than 5%, accumulating a 10% drop in two days. Previously, it had risen by more than 40% in the four trading days after its listing. The continuous rise in SpaceX's stock price has sparked new concerns about selling. Peter Boockvar, Chief Investment Officer of One Point BFG Wealth Partners, stated that investors are trading amidst a mix of factors such as growth stories, market trends, excitement, and belief in Musk. However, with SpaceX's current high valuation, the company must produce actual performance to support this valuation, which will take at least a few years to achieve.
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