2 Reasons to Buy SpaceX Stock -- and 1 Reason to Wait
The space company is making some exciting moves, but you may still want to think twice about investing in it right now.
Overview
Space Exploration Technologies (NASDAQ: SPCX), or SpaceX for short, went public about two and a half months ago, with a first-day open price of $150. It closed at about $142 on Aug. 28, so it has gotten cheaper, although the price fluctuates often.
If you wanted more information about SpaceX before investing, there are now a couple of months of trading data and its first earnings report as a public company available. Based on that, here are two good reasons to buy SpaceX stock and one reason to keep waiting.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.