SpaceX Shares Test $135 IPO Level After Earnings and New Stake by ARK Invest
SpaceX stock rose briefly above its $135 IPO price following a recent earnings report, while ARK Invest disclosed a $15 million purchase of the company's shares.
SpaceX's publicly traded shares edged above the $135 price set at the company's initial public offering after the firm reported its latest earnings. The brief rally came amid a broader rebound in the stock during the previous week.
ARK Invest, managed by Cathie Wood, announced a purchase of approximately $15 million worth of SpaceX shares, adding to the company's investor base.
The movement in the stock was noted in real-time pricing data from Nasdaq, though the report includes standard disclosures that the information is for educational purposes and not a recommendation to buy or sell securities.