SpaceX shares rallied sharply on Friday, overcoming two major hurdles that many investors expected would send the stock tumbling. Instead, the newly public aerospace and satellite company ended the week with renewed momentum.
The stock climbed more than 15% on Friday and over 25% over the past five trading sessions, which included its first quarterly earnings report as a public company and the largest lock-up expiration since its June initial public offering. Both events were widely viewed as critical tests for investor confidence.
