SpaceX Shares Are Sliding: A Contrarian Buying Opportunity Worth Considering
SpaceX's stock has cooled after a hot IPO, but this can be a good entry opportunity for the right investors.
Overview
Space Exploration Technologies' (NASDAQ: SPCX) first few weeks as a public company have already reminded investors that even great businesses can become volatile stocks. SpaceX shares surged in the days after the company went public in early June 2026, hitting an intraday high of $225.64.
Image source: Getty Images.
Since then, the stock has pulled back and is down to around $162. The stock remains above its $135 IPO price and is still far from cheap. But the sell-off has made the risk-reward question more interesting.
Details
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.