SpaceX Shares Rise, Set to Snap Three-Day Losing Streak

SpaceX shares rose Tuesday, on track to snap a three-day selloff that wiped more than $600 billion from the Elon Musk-led rocket and satellite company’s market value.

The stock gained as much as 5.9% intraday after reversing a nearly 4% dip that briefly brought the shares below the $150 level at which they opened during their trading debut earlier this month. The volatility comes amid a broad-based slide in technology and other high-momentum stocks after a selloff in Korean chipmakers stoked fears about the rally in companies involved in artificial intelligence.

After pulling off a record $86 billion IPO ...