Why Did SpaceX Stock Drop Today -- Then Pop?
Starship looks nearly ready for prime time -- so is SpaceX stock finally a buy?
Overview
Is the sell-off finally over for Space Exploration Technologies (NASDAQ: SPCX) stock?
Shares of Elon Musk's famed space enterprise fell to $107 a share this morning, a near-6% drop that prompted Bloomberg to crow that SpaceX stock had fallen 20% and erased "$1.2 trillion" in value.
Details
(The actual news was even worse. The first time SpaceX traded on IPO day, it sold for $150 a share. Falling to $107 from that price was nearly a 30% drop!)
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.