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First reported by bsky

SpaceX stock passes Amazon in market cap after record IPO

Wall Street analysts initiate bullish coverage on SpaceX after IPO quiet period expires

Helene Braun

1h ago· 2 min readenNews

finance business

Summary

Wall Street analysts have begun coverage of SpaceX following the expiration of its 25-day quiet period after the company's June IPO. Major brokerages initiated coverage with mostly bullish ratings. SpaceX, which holds 18,712 bitcoin on its balance sheet, went public in June raising $75 billion with shares priced at $135. The stock was trading at $150.93, down over 6% from recent highs but still above its IPO price.

Source

bskyWall Street analysts initiate bullish coverage on SpaceX after IPO quiet period expirescoindesk.com

Key quotes

· 3 pulled

Analysts see more upside for SpaceX as post-IPO research begins

Nearly every major brokerage launching their coverage with a bullish rating

The stock was trading at $150.93 on Tuesday, down more than 6% from recent post-listing highs but still above its IPO

Snippet from the RSS feed

Major brokerages initiated coverage on Tuesday with mostly buy ratings following the company's $75 billion June IPO.

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