TechCNBC2h ago
SpaceX stock closes up 7.6%
SpaceX stock closes up 7.6% after Morgan Stanley called SPCX "cheap", reaching its highest level since mid-June and returning Elon Musk to trillionaire status
TL;DRSpaceX stock jumped 7.6% after Morgan Stanley rated it undervalued.
Why it matters: Signals institutional confidence in SpaceX's valuation ahead of broader market moves.
SpaceX stock closes up 7.6% after Morgan Stanley called SPCX “cheap”, reaching its highest level since mid-June and returning Elon Musk to trillionaire status — SpaceX shares rose almost 8% on Monday, reaching their highest since mid-June, shortly after Elon Musk's company held its record initial public offering.
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