Did SpaceX Stock Deserve to Drop Today?
SpaceX could become the world's most valuable stock in 1 year.
Did SpaceX Stock Deserve to Drop Today?
Overview
When Space Exploration Technologies (NASDAQ: SPCX) stock IPO'ed last week, it was both literally and figuratively historic. Literally, because SpaceX's IPO was the world's biggest-ever IPO. Figuratively, because literally everyone on Wall Street wanted a piece of it.
SpaceX stock climbed for three days (including IPO day) before retreating 9.3% Wednesday. SpaceX stock is down another 6.5% in Thursday trading -- but should it be?
Image source: SpaceX.
Details
Source
Originally published at www.fool.com.
Related Articles
- My husband died when I was 38, leaving me with four kids who each received Social Security. I’m now 60. When do I claim?
- Trump’s Iran agreement changes the game for investors. These are the two sectors to buy right now.
- SpaceX is vastly more expensive than any stock in the S&P 500, fueled by ‘FOMO’ mentality
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.
