Investors who bought into the SpaceX IPO had to tighten their belts immediately in the first week of trading. CEO Elon Musk’s space and AI company shot up like a rocket after its successful launch on Wall Street, but then suffered from profit-taking. According to Renco van Schie, asset manager at Valuedge, caution is required in the short term.
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SpaceX rocket launch gets erratic follow-up: ‘No World Online bubble, but caution is advised’
Bytaketonews
Jun 20, 2026