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SpaceX reclaims IPO price; Cathie Wood’s ARK Invest defends bull case (SPCX:NASDAQ)

Headquarters of SpaceX in Hawthorne, California

Sven Piper/iStock Editorial via Getty Images

SpaceX (SPCX) shares closed 4.2% higher at $138.74 on Monday, moving back above the company’s $135 IPO price for the first time since July 16.

The stock had closed below its IPO price for several weeks after first slipping under

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