Why Did SpaceX Stock Drop Again on Monday?
Are investors punishing SpaceX for a flight delay -- or for a too-high stock price?
Overview
Pity Elon Musk and Space Exploration Technologies (NASDAQ: SPCX). They just can't seem to catch a break.
Last week, SpaceX stock tumbled below its IPO price, making the space stock officially a broken IPO, after SpaceX announced that it needed to scrub a planned Starship test flight after multiple engines refused to ignite at launch. SpaceX shares closed the week below $124 a share, and continued to fall on Monday -- down 3% in the morning, and still down about 1% as of 1:10 p.m. ET.
Image source: The Motley Fool.
Details
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.