SpaceX Stock Drops 30 Percent But Retail Buyers Keep Accumulating

Shares of SpaceX are facing a tough month with a thirty percent drop in value, yet retail investors refuse to slow down their buying. Data from Vanda Research shows that individual traders bought a net twenty two million dollars of shares during the first hour of trading recently. This figure stands at more than three times the usual opening hour inflow for the stock. In fact, SpaceX has not recorded a single day of net retail selling since making its market debut in June.

The strong buying interest follows the company earnings report, which beat expectations on both revenue and adjusted earnings. However, the report also highlighted heavy spending on artificial intelligence and data centers. While some market participants worry about these massive costs, retail traders view the spending as an investment in future growth. This optimism helped push shares up nearly ten percent recently, setting up the stock for its best weekly performance since going public.

Despite the enthusiasm, many retail buyers are sitting on paper losses because the average purchase price sits around one hundred and fifty dollars per share. Wall Street analysts remain generally positive, with a consensus average price target sitting near two hundred and twenty nine dollars. Traders will want to watch if retail support can sustain the recent price bounce or if institutional selling will cap further gains.