SpaceX Shares Up 22% in 2 Months, Crushing S&P 500’s 1% Gain

SpaceX (NASDAQ: SPCX) shares have increased by 22% over the past two months, closing at $162.57, significantly outperforming the S&P 500's 1% gain during the same period. The stock debuted at $135 on June 12, opening at $150 and rising 19% on its first day, but subsequently fell over 30% to a 52-week low of $104.83 by the end of July. Recent positive developments, including successful launches and a new spectrum deal for the Starlink unit, have contributed to the stock's recovery and investor optimism.