SPCX Falls Below IPO Price: What's Behind Price Action & Outlook Impact

Taha Ahmed talks about Wall Street's largest IPO, SpaceX (SPCX), after shares of the Elon Musk-led firm came back to Earth, now trading below the stock's initial IPO price of $135. He points to the company's future aspirations as the crux of bullish momentum, meaning any hit to its outlook will create ripple effects in the stock. Taha believes SpaceX needs time for valuations to come into check but sees the AI trade offering the next step toward long-term profitability. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about