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Markets · Investing · Business
Finance
Should You Buy SpaceX Stock Before Aug. 4?
When SpaceX reports its quarterly results for the first time as a public company, investors should get some much-needed insight into its operation.
A little over a month ago, Space Exploration Technologies(NASDAQ: SPCX) completed the largest IPO in history. Initially, SpaceX stock surged, briefly touching an intraday high above $225 per share and eclipsing Amazon's market capitalization.
However, over the last few weeks, SpaceX stock has witnessed significant pressure. As of the closing bell Thursday, shares were down by 48% from their post-IPO high, and off 21% from their opening price on the first day of trading. With SpaceX's first earnings report as a public company scheduled for Aug. 4, is now an opportunity to buy the dip?
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
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.
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