SpaceX jumped more than 10% in premarket trading before the US stock market open, signaling continued investor appetite for newly listed growth shares tied to themes such as space and artificial intelligence.
Crypto-focused media outlet BlockBeats reported on June 16 that SpaceX had risen more than 10% in US premarket trading.
The stock traded at $213.45 before the bell. After gaining during the previous session, it extended those advances in premarket trading as investor interest continued.
Since its recent listing, SpaceX has attracted both institutional and retail investors. Trading volume has also concentrated in related leveraged exchange-traded funds, suggesting demand is spreading across space-themed stocks more broadly.
Still, newly listed shares tend to be volatile. Whether the premarket advance will hold during the regular session will depend on trading flows after the market opens.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
