Where Will SpaceX Stock Be in 1 Year?
Perspectives on SpaceX stock will likely change once the IPO hype dies down.
Overview
Investors are probably still trying to figure out what to make of Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, stock. It reached a high of $225.64 per share less than a week after its June 12 debut at $150 per share. However, a recent pullback has taken it to around $161 per share as of this writing, and it is unclear where it will go in the near term.
When looking ahead one year, we can assume that SpaceX will probably no longer benefit from post-IPO hype. Still, given the state of the company, the stock is more likely to struggle than prosper. Here's why.
Image source: The Motley Fool.
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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.