SpaceX's soaring stock draws meme-stock comparisons as analysts caution that the run may be ending.
SpaceX shares fell for a second straight day, slipping below Amazon in market capitalization after a three-day rally that sparked meme-stock comparisons. Trading action remained heavy, with two million options contracts changing hands on Thursday, while outlets from CNBC to Barron's cautioned the run may be fizzling.
Near-term focus turns to whether the stock stabilizes or extends its slide; the debut of new daily contracts and heavy options volume could amplify swings. The debate over long-term returns, led by a Motley Fool look at a $1,000 investment, will test whether meme-like attention persists or fades along with analyst warnings.
HypeNows