Up Almost 50% From Its IPO Price, Could SpaceX Early Investors Sell 37% of Their Shares in August?
The stock is off to a roaring start, but its real test could come later this summer.
Up Almost 50% From Its IPO Price, Could SpaceX Early Investors Sell 37% of Their Shares in August?
Overview
Space Exploration Technologies (NASDAQ: SPCX) closed at $201.80 per share on Tuesday, June 16. That puts it 49.5% above its initial public offering (IPO) price of $135 per share.
Here's why that's a significant milestone for SpaceX, and what it could mean for the growth stock after it reports second-quarter earnings.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.
