SpaceX Stock: Boom or Bust?
Looking at the bullish and bearish cases for SpaceX.
Overview
One stock that has divided investors since its debut in June is Space Exploration Technologies (NASDAQ: SPCX). The Elon Musk-backed company had the largest IPO ever, and the stock has been volatile ever since, shooting up to over $225, then crashing to under $105 before settling in around its current price of roughly $135.
Let's dig into why this growth stock could skyrocket higher and also why it could eventually crash.
Details
SpaceX is a bet on the future and the vision of Elon Musk, who isn't afraid to make big, bold bets, and SpaceX has become his primary vehicle for that. Eventually, I would expect the company to acquire Tesla to put all his ambitions under one roof.
Source
Originally published at www.fool.com.
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