SpaceX Stock Premarket Today: SPCX Rises Near IPO Price As Cramer Flags Unlock Risk
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SpaceX (SPCX) shares rose 0.99% in premarket trading to $135.60, extending Friday's 8.62% rebound to $134.27 and hovering near the $135 IPO price set in June. CNBC's Jim Cramer said he wants to own the stock but is holding off, expecting additional share supply to hit the market as he estimates only a limited portion of shares currently trade freely. The move matters because SPCX is trading close to its IPO reference level, making the stock sensitive to any expansion of the tradable float. Investors will watch whether the anticipated unlock-driven supply materializes and whether the shares can hold the $135 level once more stock becomes available.
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SpaceX (SPCX), Jim Cramer, CNBC
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