SpaceX Stock Just Surged 20% Post-IPO: Is Elon Musk's Company a No-Brainer Buy?
SpaceX has a long way to go to live up to its valuation.
SpaceX Stock Just Surged 20% Post-IPO: Is Elon Musk's Company a No-Brainer Buy?
Overview
Space Exploration Technologies (NASDAQ: SPCX), more commonly known as SpaceX, has made quite the splash since going public a few weeks ago. Although shares were initially offered at $135 per share, trading opened at $150 per share, and the stock is trading around $155 as of June 22. From the price most people could have paid for the new stock, SpaceX already gained more than 20% at last week's peak. The question now is whether SpaceX can resume this run, or if the more recent cooling-off period will persist.
Let's take a look at SpaceX stock and see if it's worth an investment, or if investors should be patient.
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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.
