SpaceX Stock Is Down 36% From Its Post-IPO Peak. History Says a $10,000 Investment Will Be Worth This Much by June 2027.
SpaceX is down 36% from its post-IPO high, but history says the stock has further to fall.
Overview
On June 12, Space Exploration Technologies (NASDAQ: SPCX) became the largest initial public offering (IPO) in U.S. history as measured by market value. The rocket and satellite company was worth nearly $1.8 trillion at the listing price of $135 per share.
SpaceX peaked around $202 per share on its third trading day. However, the stock has since fallen 36% to $129 per share, and history says it has further to fall. Here's what investors should know.
Image source: Getty Images.
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.