Is SpaceX Stock a Buy After Falling From Its Post-IPO High?
SpaceX stock is 19% off its peak.
Overview
Space Exploration Technologies (NASDAQ: SPCX) became a public company on June 12, initially soaring after its initial public offering (IPO), but now the stock is about 19% off its high.
Some investors might be wondering if now is a good time to buy the stock or if they should wait for a more attractive entry point since SpaceX stock went public at a high valuation. So, is now the right time to dive in?
Details
SpaceX had an unprecedented and unparalleled IPO, selling more than $86 billion worth of stock. For reference, the previous record holder was Saudi Aramco, which raised $26.6 billion in 2019.
Source
Originally published at www.fool.com.
Related Articles
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.