SpaceX Stock Is Down 30% From Its Post-IPO High. History Says This Will Happen Next.
History says SpaceX shareholders will lose money in the coming months.
Overview
Space Exploration Technologies (NASDAQ: SPCX) went public on June 12 at $135 per share. At that price, the company had a market value of $1.77 trillion, making SpaceX the largest IPO stock in history.
SpaceX peaked at $202 per share in mid-June, but the stock has since declined about 30% to $140 per share due to concerns about heavy spending and lock-up expirations. History says this will happen next.
Image source: The Motley Fool.
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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.