How to Invest in SpaceX Stock Before the Next Big Move
SpaceX costs less than its opening price on its IPO day. Is it a bargain -- or could it go lower?
Overview
Space Exploration Technologies (NASDAQ: SPCX) stock is a falling star, and by some accounts, a broken IPO.
Elon Musk's famous space company went public at an official IPO price of $135 on June 12, but the first price at which most investors could buy it was $150, where the shares opened on that first day. The stock proceeded to take its investors on a rollercoaster ride over the next month, climbing as high as $225 intraday on its third day as a public company before falling, then recovering, and plunging once again.
Details
On Friday, however, SpaceX stock closed at $145.30 -- below its opening price on its IPO day.
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.