SpaceX recovers $750B with 48% stock rise
SpaceX, owned by Elon Musk, has experienced a significant surge in its stock value over the past three months, rising by 48%, which has resulted in a recovery of over $750 billion in its market capitalization after a sharp decline following its initial public offering last June. The stock price reached $164 at the end of the week, marking a 3.6% increase after the company acquired spectrum frequencies to provide full mobile coverage across the United States. Investing in SpaceX is considered a long-term opportunity, especially with the market recovering driven by notable achievements such as the Starship rocket reaching orbit for the first time, which has enhanced its appeal as a leader in growth opportunities within the space sector.
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