Even With Elon Musk's SpaceX Stock (SPCX) Down Below Its IPO Price, I'd Still Rather Buy This Dividend Stock in July

SpaceX stock has declined below its IPO price of $193 to around $126 since its June debut. In contrast, General Mills offers a more attractive investment with a 6.3% dividend yield, 8.7% total shareholder yield, undervalued valuation metrics (P/E of 12.5), and defensive characteristics that would hold up better in a potential market downturn or recession.