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SpaceX 24/7 hit again overnight
Yesterday shares in SpaceX fell back again and that delivered a new post IPO low at $130.74. That low came after the stock had tried to rally in very early trading, but topped out at $137.76. The stock later closed 3.08% lower, at $131.11. The failure to again hold a daily close above the issue price ($135) and further broader losses in the tech sector overnight has done the 24/7 tokenised price no favours today.
It has traded close to the $124.50 marker this morning and that is clearly a concern to holders of this stock. The fact that it has now clearly run into significant difficulties so early in its life is not a positive, but we have to remind readers that this was a highly speculative venture for anyone buying into the space exploration story, given that the company itself is loss making. SPCXUSDT is currently trading around $125.55
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