SpaceX Stock Is Down 26% From Its Post-IPO High. History Says a $20,000 Investment Will Be Worth This Much by Mid-2027.
History says SpaceX stock could fall much further during its first year on the market.
Overview
Space Exploration Technologies (NASDAQ: SPCX) made its public debut on June 12. The initial public offering (IPO) was historic not only because the company raised a record $75 billion, but also because its market value was an unprecedented $1.7 trillion at the IPO price of $135 per share.
SpaceX soared 50% during the first three trading days, hitting a high of $202 per share amid strong demand from retail and institutional investors. But the stock has since fallen 26% to $150 per share because of anxiety about the company's recent bond offering and the upcoming lockup expiration dates.
Details
Here's what investors need to know.
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.