The Initial SpaceX Frenzy Is Cooling Off, but a New Wave of Cash Is Waiting to Strike

SpaceX is expected to secure index entry in the coming days and weeks, unlocking a new source of investor demand after there's been 'striking' breadth so far. SpaceX President Gwynne Shotwell and other company leaders ring the opening bell at the Nasdaq Marketsite for the company's IPO on June 12. It's been a volatile first week of trading for SpaceX.SpaceX shares are ever-so-slightly coming back down to earth - but stock indexes represent a fresh catalyst that lurks on the horizon.At its intraday high on Tuesday, SpaceX's stock was up 67% from its initial-public-offering price of $135, en route to a third straight gain since its debut. But as momentum cooled over the course of the week, SpaceX shares now stand just 33% above their IPO price.Some index providers have passed rules making it easier for large companies to gain entry shortly after their IPOs. The Center for Research in Securities Prices tweaked its policies to allow for newly public companies to join its indexes after jus
The Initial SpaceX Frenzy Is Cooling Off, but a New Wave of Cash Is Waiting to Strike

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