SpaceX Stock Is About to Face Its Biggest Hurdle Yet. Here's What Investors Should Do Next.
Tuesday will be a big day for SpaceX and its shareholders.
Overview
Since Space Exploration Technologies (NASDAQ:SPCX), aka SpaceX, conducted its initial public offering (IPO) early last month, shareholders have been on a nonstop thrill ride. The rocket launch, satellite communications, and artificial intelligence (AI) company opened above its offering price, surging 19% on its first day of trading. SpaceX stock gained as much as 50% before falling back to Earth and now trades below its first day closing price of about $161.
History shows that the stock's erratic price movements will likely continue. Next week, that volatility could reach new heights as SpaceX faces its biggest hurdle yet.
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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.