Here's Why SpaceX's Latest Decision Is a Huge Red Flag for Investors
SpaceX just raised more money in debt after underpricing its IPO.
Overview
Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, has dominated the market headlines recently. It clearly made a splash when it went public as the largest IPO ever, and the stock immediately ran up to over $200 per share in the days following its debut. Now, it's down to about $153 per share due to an untimely announcement.
I think this was a major red flag for investors, and SpaceX would have been wiser to do this a few months down the road.
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Originally published at www.fool.com.
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