Spacex stock price today latest secondary data puts SpaceX stock

Latest secondary data puts SpaceX stock price today at $105, up slightly following news of additional Pentagon launch contracts. Analysts compare SpaceX’s growth trajectory to early-phase high-tech unicorns. Notable strength also emerged among airline stocks, as reflected by the 1.2 percent gain posted by the NYSE Arca Airline Index. The index bounced off its lowest closing level in almost two months. Founded in 2002, SpaceX reportedly began to show a profit in the early 2020s. Reporting suggests that the company made somewhere between $200 million and $3 billion in profits in 2023. NASA’s decision to abandon its own shuttle program, outsourcing launches to private contractors, has opened up opportunities in space flight. Boeing’s growing troubles have only made those opportunities greater. Driven by reusable rocket cost efficiencies, this reflects broader demand for industrial-scale space logistics solutions.