Is the Trump Administration Slamming the Brakes on SpaceX's Roaring Rebound?
Trump isn't targeting SpaceX. But he may as well be.
Overview
Space Exploration Technologies (NASDAQ:SPCX), better known as SpaceX, has taken investors on a rollercoaster ride this summer. Its stock skyrocketed after SpaceX conducted the largest initial public offering (IPO) in history. Then came a brutal 46% plunge.
However, SpaceX began turning things around in early August. The artificial intelligence (AI) and space technology stock clawed back as much as 35% of its prior gains before momentum stalled. Is this only a temporary lull, or is the Trump administration inadvertently slamming the brakes on SpaceX's roaring rebound?
Image source: SpaceX.
Details
Source
Originally published at www.fool.com.
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