Prediction: This Is Where SpaceX Stock Will Finish 2026
The space stock has been struggling of late, but its valuation still looks rich.
Overview
Shares of Space Exploration Technologies Corp (NASDAQ: SPCX) have been in a tailspin of late. The rocket company, which is also eyeing massive opportunities in artificial intelligence (AI), initially soared when its shares began trading last month, but the rally has since cooled significantly. Last week, the stock fell to below its IPO price of $135, closing at just under $124 on Friday.
Will the stock, which is more commonly known as just SpaceX, continue to fall, or is it likely to bounce back? Here's where I think it's headed.
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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.