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After skyrocketing more than 67% since its debut on the exchange, SpaceX has started to face profit-taking and increased volatility in the last few trading sessions.
Despite the recent correction, analysts emphasize that this movement doesn't signify a shift in the long-term outlook for the company. The market is still closely watching the firm's plans to expand its footprint in Artificial Intelligence, computational infrastructure, and space technology.
What stands out is that #SpaceX continues to trade at extremely high multiples, reflecting investor growth expectations.