'Elon always has some sort of trick up his sleeve': Retail traders who bought SpaceX tell us how they're handling the volatility
Paul Hennessy/SOPA Images/LightRocket via Getty Images Traders who have piled into SpaceX stock say they still have faith despite the stock's rocky ride. Shares of SpaceX have dropped 23% from their peak as the IPO frenzy as faded. The bulls are enduring in their faith in Elon Musk's ability to engineer a fresh stock rally. SpaceX hype has come back down to earth since the company's colossal IPO two weeks ago. Judging by the stock price, the mania around Elon Musk's rocket company has waned considerably, with shares barely above the $150 level when trading began on June 12. The stock ended Thursday's session down 32% from its peak, though still up about 13% from the $135 IPO price. The decline doesn't seem to have fazed many retail traders, though. Those who spoke to Business Insider said they're still believers in Musk's space company . Even those who flipped for a quick profit said they're eagerly awaiting another good buy-the-dip moment to load ...
