Add as a preferred source on GoogleSpaceX Shares Left a $1,000 Investment Worth About $994 After a Month
SPCX fell 0.59% from Sept. 23 to Oct. 23, despite sharp swings that included a 9.14% drop and a 1.89% rebound on consecutive sessions.
SpaceX Class A shares ended a month-long stretch slightly lower Friday, leaving a hypothetical $1,000 investment made at the Sept. 23 close worth about $994 at the Oct. 23 close.
SpaceX Class A shares (SPCX) closed at $147.49 Friday, compared with $148.36 on Sept. 23. The close-to-close calculation puts the investment at about $994.14, a $5.86 loss, or 0.59%. It assumes fractional shares and excludes fees and taxes.
The monthly result followed sharp swings. SPCX closed at $171.92 on Oct. 6, then fell to $144.75 on Oct. 22. The stock gained 7.79% on Oct. 21, dropped 9.14% the next session and rebounded 1.89% Friday.
SpaceX’s third-quarter results, released after the market closed Oct. 20, showed $14.575 billion in revenue for the quarter ended Sept. 30, up 161% from a year earlier. Net income was $4.4 billion. Revenue included $7.56 billion from Super Intelligence, $5.248 billion from Connectivity and $1.767 billion from Space.
Trading under SPCX began on June 12 on Nasdaq Global Select Market and Nasdaq Texas; the IPO price was $135 per share. Friday’s close was about 9.3% above that price, even as the shares finished slightly below their Sept. 23 level.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.