A SpaceX Stock Split Could Be Closer Than Investors Think
One valuation metric influences the likelihood of such an event.
Overview
Space Exploration Technologies (NASDAQ: SPCX) just went public in June, and after several months of volatility, the stock is up by about 20% from its IPO price and 8% from its opening price on its first day of trading. Yet although it's currently less than $162 per share, some investors are speculating about a potential stock split.
Companies can split their stocks at any time, so such an event is possible, even if it's unlikely at current levels. Nonetheless, one scenario could make SpaceX management consider implementing one sooner rather than later.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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