Why SpaceX Stock Is Down and Up Today
It's hard to keep a good space stock down.
Why SpaceX Stock Is Down and Up Today
Overview
Is Space Exploration Technologies (NASDAQ: SPCX) finally finding its footing post-IPO?
Investors can hope. Shares of Elon Musk's famed space venture tumbled nearly 5% in early trading Tuesday. This might have extended a decline that SpaceX itself sparked Monday when it announced it's raising $20 billion in debt to add to the the $100 billion it has after holding its IPO.
Details
But then a miracle happened. Investors opened up the newspaper to discover SpaceX is building an entirely new market in delivering cargo from space to Earth -- and now SpaceX stock is up 2.1% through 10:15 a.m. ET.
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.
