Is SpaceX Stock Headed Higher After a Strong Start on Day One?
Investors don't appear to be overly concerned about SpaceX's high valuation -- at least not yet, anyway.
Overview
SpaceX (NASDAQ: SPCX) stock began trading on Friday, and despite a high valuation out of the gate, it finished its first day up more than 19%, closing at a price of just under $161. Demand for the IPO was strong, as retail investors are bullish on the company, which is run by Elon Musk.
It has been one of the most highly anticipated new offerings, potentially ever. The momentum may very well continue in the days and weeks ahead, but it's also likely to be a volatile investment.
Details
Is it a good idea to buy SpaceX stock right now, or should you hold off given the risks?
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.