Are SpaceX Bulls Deluding Themselves? This Wall Street Analyst Might Convince You So
One SpaceX bull doesn't expect positive cash flow for nearly a decade.
Overview
It's been over a month since the Space Exploration Technologies (NASDAQ: SPCX) IPO, and the shine may be starting to come off.
SpaceX stock sank below its $135 IPO price for the first time on July 15, and today, it hit an all-time low, closing down 6.7% at $115.26 on a broader sell-off in the software sector.
Details
Wall Street, which lined up behind the stock to push the IPO in unprecedented fashion, has released a bullish set of price targets, following the end of the stock's quiet period.
Source
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.