SpaceX shares hold steady after three-day rally loses steam

SpaceX shares hold steady in premarket trading on Thursday. The stock has surged more than 40% since its historic debut. SpaceX shares held steady in premarket trading on Thursday, after the stock's recent rally showed signs of cooling following a record-breaking IPO last week. Elon Musk 's space and AI company saw its stock surge more than 40% after its historic debut last week, which offered shares at a set price of $135. Investor bullishness showed signs of waning on Wednesday, however, as shares sank 5%. The stock was last 0.3% higher in premarket trading. SpaceX immediately became one of the world's most valuable companies after listing, with its market cap surpassing Amazon and — briefly — Microsoft. Its valuation sat just below Amazon at $2.52 trillion at market close on Wednesday. The rocket maker announced Wednesday that it's adding Musk's longtime friend and ally, Roelof B...