SpaceX Stock Falls 0.3%, Rebounds 7% to $164.19 on Donation Talks
SPCX•Trump officials discussed donating SpaceX stock to children's Trump Accounts, sending SPCX shares down 0.3% overnight before spiking 7% to $164.19 on volatile trading. A market note warned that SpaceX’s $2 trillion valuation limits upside and recommended Rivian Automotive and NuScale Power as cheaper growth alternatives.
1. Trump Officials Discuss SpaceX Stock Donation
Trump administration representatives have engaged with SpaceX on potentially donating shares to new children's investment accounts called Trump Accounts, though Musk’s agreement and the donation structure remain unclear.
2. Market Reaction: Slip and Surge
News of the possible donation sent SPCX shares down 0.3% overnight before a volatile 7% rebound to close at $164.19, reflecting market uncertainty over the political move’s impact.
3. Valuation Concerns and Alternative Picks
Separately, analysts note SpaceX’s $2 trillion valuation leaves limited upside and suggest investors consider Rivian Automotive and NuScale Power, which trade at significant discounts and offer growth exposure in autonomous vehicles and nuclear energy.
