SpaceX shares have surged 460% following a wave of buy ratings from Wall Street analysts.
The sharp repricing reflects growing conviction in the company's market position and growth trajectory.
Earlier trading saw shares plunge 23%, erasing approximately $600 billion from the company's market capitalization in what was described as the steepest single-day decline for the aerospace firm.
According to reports from Di, analysts are highlighting SpaceX's exclusive access to markets valued at several trillion dollars as a key driver.
This assessment underscores the company's dominant role in the aerospace and satellite sectors, where barriers to entry remain high.
The rally marks a significant turnaround for the stock, which previously suffered a severe sell-off.
Earlier trading saw shares plunge 23%, erasing approximately $600 billion from the company's market capitalization in what was described as the steepest single-day decline for the aerospace firm.