What's Going on with SpaceX Stock?
SpaceX stock is caught between a gigantic opportunity and gigantic expectations.
Overview
Space Exploration Technologies (NASDAQ: SPCX) stock has been on a wild ride.
After debuting at $135 a share, it surged to roughly $225 before falling to around $105. It has since recovered to about $140 (as of this writing). That's a remarkable swing for a company whose long-term story hasn't changed dramatically in just a few weeks. So, what's going on?
Details
I think three things explain most of the volatility: Expectations have gotten ahead of reality, SpaceX's enormous spending has raised new questions, and investors are increasingly focused on Starship.
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.