Why Does SpaceX Stock Keep Going Up?

Space Exploration Technologies (NASDAQ: SPCX) banal has virtually ne'er gone down. Granted, the banal has lone been trading for 3 days since conducting the biggest IPO ever connected Friday -- but each of those 3 days, the banal has gone up, including today, with SpaceX shares rising a humble 2% done 9:45 a.m. ET.

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This rocket banal stays pointed astatine the satellite

The astir contiguous and evident catalyst down today's continued emergence is the quality SpaceX released yesterday, erstwhile the abstraction institution announced it volition go adjacent much of an artificial quality institution than it already was, but spending $60 cardinal successful banal to get Anysphere, the backstage bundle institution that owns fashionable AI coding instrumentality Cursor.

As precocious arsenic November, Cursor had been valued astatine $29.3 cardinal successful its latest backing round, truthful the terms SpaceX is paying for it could beryllium doubly what it's worth. Then again, erstwhile SpaceX merged with xAI, it valued that much little fashionable AI institution astatine $250 billion.

So valuation doesn't look to beryllium thing Elon Musk concerns himself with much, and judging by however SpaceX banal has been performing these past fewer days, investors don't look to caput that much.

What's adjacent for SpaceX banal

What mightiness interest investors, though -- and what mightiness airs a hazard to SpaceX stock's quality to support going obscurity but up -- is this:

According to Yahoo! Finance data, SpaceX mightiness person arsenic galore arsenic 13.2 cardinal (implied) shares outstanding, but currently, lone 246 cardinal of these are "floating" and disposable to trade. This constrained proviso is simply a large origin successful keeping the banal terms precocious (because of, you know, the instrumentality of proviso and demand).

Once lock-up periods expire and much of those shares are disposable to sell, nevertheless -- look retired below!

Should you bargain banal successful Space Exploration Technologies close now?

Before you bargain banal successful Space Exploration Technologies, see this:

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