Here's Why SpaceX Stock Could Finish 2026 Above $200
SpaceX stock hasn't been at $200 since shortly after it went public in mid-June.
Overview
Shares of Space Exploration Technologies Corp (NASDAQ:SPCX) have been rising after they hit lows of less than $105 in early August. But at around $150, the stock is still nowhere near the highs of more than $200 that it reached in June, shortly after it went public.
At $2 trillion in market cap, the company, which more commonly goes by just SpaceX, isn't cheap, and it has plenty of bullishness already priced into its valuation.
Details
Investors certainly have high hopes for its future. And any sign that the company's making progress toward its goals can ignite a rally. Here's why I think SpaceX stock can potentially finish the year back above $200.
Source
Originally published at www.fool.com.