SpaceX market capitalization exceeds $2 trillion again during trading — MarketWatch
SpaceX's market capitalization exceeded $2 trillion again during trading on Thursday, for the first time in nearly two months. Shares of Elon Musk's company rose by more than 7% and surpassed $150 per share for the first time since July 10, MarketWatch reports.
Condition for a valuation above $2 trillion
According to Dow Jones Market Data, to end the trading day with a market capitalization above $2 trillion, SpaceX shares must remain above $147.37 per share. The company was last valued at $2 trillion on July 6.
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Share performance
MarketWatch notes that SpaceX shares have once again drawn market attention after an unstable initial period of trading on the public market. According to the outlet, the overall recovery of the technology sector also contributed to this.
According to FactSet data, analysts on average see 50% upside potential for SpaceX shares.
