I Like SpaceX, But I'm Not Buying the Stock for One Simple Reason
SpaceX could become one of the greatest companies of our time. But owning the stock today is not for the faint-hearted.
Overview
I like Space Exploration Technologies (NASDAQ: SPCX), otherwise known as SpaceX. It's one of the most extraordinary companies I've ever come across.
Starlink, its satellite internet service, is becoming a global business. SpaceX's artificial intelligence operations are growing at an extraordinary pace. Falcon 9 has already transformed the economics of launching satellites. And Starship -- the next-generation rocket -- could eventually make it dramatically cheaper to get payloads into orbit.
Details
The company has an ambitious founder, an enormous balance sheet, and a track record of turning seemingly impossible ideas into real businesses. So why am I not buying SpaceX stock despite all these reasons?
Source
Originally published at www.fool.com.