'Elon always has some sort of trick up his sleeve': Retail traders who bought SpaceX tell us how they're handling the volatility

Ștefania Anghel

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