Why SpaceX Stock Dropped on Friday
SpaceX didn't launch on Thursday -- and that's OK.
Overview
Falling below $125 per share today, Space Exploration Technologies (NASDAQ: SPCX) stock is officially a broken IPO now -- trading $10 below the point at which it priced its IPO last month. Investors who missed out on the IPO, therefore, can count themselves lucky they didn't lose money.
Image source: The Motley Fool.
But why is SpaceX down at all? And specifically, why is it down 4.7% through 12:10 p.m. ET today?
Details
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.