SpaceX shares have surged this month, rebounding from lows below $105. The stock has this week come within cents of the $150 opening price logged on IPO day. SpaceX's hot August has continued.
Another share-price milestone could be within view. Shares of SpaceX (SPCX) rose nearly 10% yesterday to above $146. That rise, which followed last week's more-than-20% climb, brought the stock's month-to-date climb to about 35%, extending its move off lows below $105.
The stock isn't as lively today, with the shares down less than 1% shortly after the open. But yesterday's high was within 40 cents of $150, the price at which the shares opened on their first day of trading. The stock, which earlier this week climbed back above the shares' $135 IPO price, hasn't touched that level since early July.
While SpaceX is more than a rocket-launch company, there's been some spillover into the space sector. An example: Three space-themed ETFs—Global X Space Tech (ORBX), Roundhill Space & Technology (MARS), and Tema Space Innovators (NASA)—have all risen roughly 8% or more in the past month, outperforming the S&P 500 along the way. Read the original article on Investopedia
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