Where Is the Floor for SpaceX Stock Right Now?
After all the IPO hype, is it time for investors to seriously consider SpaceX?
Overview
Space Exploration Technologies (NASDAQ: SPCX) went from being the biggest initial public offering (IPO) in history to one of the worst-performing IPOs in a long time. That's the market at work.
SpaceX was valued at about $1.8 trillion upon going public, but its underlying fundamentals didn't justify that valuation. Hype and hope aren't typically good investment strategies over the long term. Now that the stock has tumbled, it's time to think about when the right investment point might be.
Image source: The Motley Fool.
Details
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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.