QUICK SPARK: SpaceX Stock Looks to Open Back Above IPO Price

SpaceX (NASDAQ: SPCX ) shares are set to open above their initial public offering price of $135 per share on Monday, as the stock climbed 4.31% to $139.05 in premarket trading. Monday’s gains followed a 15.83% bump on Friday, per Benzinga Pro data.

SpaceX’s recent moves have drawn attention from investors like Gary Black , who said he remains cautious about the stock’s volatility. On Friday, Black said SpaceX shares surged to $200 before dropping 45% in 60 days. He argued the swings support his cautious approach, even as other investors stay bullish. Black said a single-day surge does not counter his thesis and urged careful analysis over speculative claims. Black’s comments come as investors debate the stock’s true valuation.