0850 GMT - SpaceX's surging share price after its initial public offering last week is a signal that rising technology stocks could be in bubble territory, Swissquote's Ipek Ozkardeskaya writes. SpaceX closed Tuesday as the fifth most valuable company in the world, rising just shy of 50% from its IPO price of $135. The rally comes despite SpaceX providing no profit outlook for this year, and continued uncertainty over whether the company's space infrastructure plans are feasible, Ozkardeskaya notes. "SpaceX is perhaps the biggest red flag that today's technology rally is reaching a point where valuations no longer make sense." SpaceX shares rise another 3.5% premarket to $208.85. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 04:50 ET (08:50 GMT)
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