Will SpaceX Stock Get Back to $200 Before the End of 2026?
The stock soared above $200 in its early trading days, but it's been struggling since then.
Overview
Shares of Space Exploration Technologies Corp (NASDAQ:SPCX), better known as SpaceX, have been rising steadily in recent weeks. However, they finished last week at just below $148 -- a far cry from the more than $225 they hit at their peak in June, shortly after the rocket company's initial public offering.
There's been some uncertainty about how well the stock's inflated valuation will hold up, given that the business is full of question marks, yet it has a market cap of around $2 trillion. The good news for early investors is that there appears to be support for the stock in the $150 range.
Details
The big question, however, is whether it can rise even higher and reach over $200 by the end of the year. Let's take a look at both the bullish and bearish cases for that.
Source
Originally published at www.fool.com.