SPCX Stock Eyes Recovery After Recent SpaceX Starship Test

SpaceX stock recently saw fresh attention as the company launched its thirteenth Starship test flight on July 24. This marked the very first test launch for the company since its initial public offering on June 12.

The timing is important for traders because the stock recently experienced a steep drop. Shares fell by 48 percent from a June high of $225 down to $115 by July 24.

Market participants are now watching to see if successful aerospace milestones can help the stock regain its footing. Any positive momentum from ongoing flight tests could influence short term price action for SPCX.