KOR
▲ SpaceX
Shares of the aerospace company SpaceX, led by Elon Musk, have fallen for two consecutive trading days, bringing the average returns for investors back to the break-even point.
U.S. broadcaster CNBC reported on June 18 (local time) that SpaceX shares closed at $184.98, down 3.6% from the previous day.
This figure is close to the volume-weighted average price (VWAP) of $181.71 over the first five trading days since the company's listing.
In other words, it means that, on average, SpaceX investors are currently at the break-even point.
SpaceX, which held the largest initial public offering (IPO) in history, had attracted significant attention even before its listing.
Starting with an offering price of $135 on June 12, the stock showed double-digit growth, at one point reaching $225 per share and surpassing Amazon and Microsoft to become the fourth-largest company by market capitalization.
However, as the stock turned downward starting June 17, most of those gains have been erased.
What investors are looking forward to now is index inclusion.
According to the investment media outlet Investopedia, there is a possibility that SpaceX could be included in the CRSP and S&P Dow Jones indices as early as next week.
If this happens, funds from Vanguard and BlackRock, which track these indices, will flow into the stock.
The company is also scheduled to be included in the Russell and MSCI (Morgan Stanley Capital International) indices.
Traders have projected that SpaceX shares will fluctuate between a low of $166 and a high of $204 by next Friday.
(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
