From Yahoo Finance · · 1m
SpaceX Stock Swings Like Small-Cap
SpaceX's $2 trillion market cap swings like a small-cap stock due to limited shares and retail investor activity.
In brief
SpaceX's $2 trillion market cap swings like a small-cap stock due to limited shares and retail investor activity. SpaceX's stock volatility stems from its small trading float and retail investors' active participation despite its $2 trillion market cap. Originally reported by Yahoo Finance.
SpaceX Market Cap
Elon Musk's SpaceX has a market cap of about $2 trillion but its stock doesn't trade like it.
Stock Swing Gap
Over 22 trading sessions, SpaceX's daily high-low gap averaged 4.53% of its closing price.
Limited Trading Float
SpaceX has about 1.91 billion shares in its float, just 14% of its 13.57 billion shares outstanding.
High Retail Activity
SpaceX recorded no day of net retail selling from its June 12 IPO through Aug. 5.
Starship Flight 14
SpaceX targets Sept. 22 for Starship's first orbital flight and deployment of 26 Starlink V3 satellites.
Retail Cult Stock
Steve Eisman called SpaceX a potential 'retail cult stock' before its IPO and later said Musk has 'believers, not investors'.
“Steve Eisman called SpaceX a potential 'retail cult stock' before its IPO and later said Musk has 'believers, not investors'”
The headline
SpaceX's stock volatility stems from its small trading float and retail investors' active participation despite its $2 trillion market cap.
