SpaceX Stock Has Gone Nowhere Since Its First Day of Trading

SpaceX stock has remained largely flat since its debut as a public company on June 12, closing at $160.95 on its first trading day and finishing Friday at $152.71, a decline of roughly 5%. The performance masks significant volatility during the interim period, with shares reaching a high of $211.39 in their third session before declining to near $108 in early August and subsequently recovering through September.
Three primary factors appear to be constraining stock appreciation despite strong o