Elon Musk’s SpaceX has continued the positive momentum from Friday’s IPO by jumping eight percent in morning trading. Analysts continue to issue mixed ratings on the company, with analyst CFRA initiating coverage with a sell rating.
CNBC reports that SpaceX shares are up about $13 in Monday morning trading, representing an eight percent jump from the close on Friday. This builds on the momentum from the company’s blockbuster debut on the Nasdaq last week. The space exploration company, led by CEO Elon Musk, saw its stock surge 19 percent on Friday, closing at $161 after being priced at $135 per share during the IPO. This performance pushed…
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