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Barchart
Barchart
Faisal Humayun Khan

Amidst a Big Addressable Market, SpaceX Has Ample Scope for Sustained Growth

SpaceX United States SPCX Elon Musk XAI

SpaceX (SPCX) stock has witnessed high volatility since listing on June 11. From highs of $225.64, SPCX stock corrected to lows of $104.83 in quick time. Currently, SPCX trades around its IPO price of $135.

Amidst this volatility, business developments have remained positive. U.S. President Donald Trump's target of 1,000 U.S. space launches and re-entries annually by 2030 bodes well for the company.

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