Should You Buy SpaceX Stock in September?
Elon Musk's space transportation, satellite internet, and artificial intelligence company has already lost 34% of its peak value.
Overview
Space Exploration Technologies (NASDAQ: SPCX) went public on June 12, and its stock quickly soared to a record high of $225. However, it has since plummeted by 34% and closed at $147.95 last Friday, Sept. 4.
SpaceX was founded by Elon Musk in 2002 to reduce the cost of space travel. It now has three commercial businesses spanning space transportation, satellite internet connectivity, and artificial intelligence (AI) infrastructure, and Musk is predicting they will generate significant revenue growth over the next few years.
Details
Although SpaceX stock is still technically expensive, should investors take the opportunity to buy the recent dip in September?
Source
Originally published at www.fool.com.