SpaceX Stock Blasts Past IPO Price, Retail Traders Hit the Eject Seats 🚀

SpaceX stock (SPCX) reclaimed its $135 IPO price in early trading Monday, trading near $132.9 at the time of writing after touching a daily high of $136.84 and a daily low of $130. The move higher came even after retail investors sold a net $4.5 million of SPCX shares on Friday, their first net selling session since the IPO. The selling pressure followed the release of 911.5 million IPO shares to the market last week. The shares pulled back slightly from intraday highs but held above the $130 support level. Retail traders have now sold shares across four consecutive trading sessions, according to the same flow data citing the IPO share unlock. Trading volumes and price action pointed to a tug-of-war between institutional positioning and the latest wave of retail distribution. Despite the retail exit, SPCX has remained above the $130 mark it briefly tested during the session. Fundamentals cited by analysts include revenue growth, normalized earnings, and a backlog of contracts, while concerns remain around capital expenditure tied to AI infrastructure. The stock retained its post-IPO gains even as broader sentiment around high-multiple names remained cautious.