◆ NeutralSPCX

SpaceX Just Joined the Nasdaq-100. Is It Time to Buy?

The Motley Fool·
SpaceX Just Joined the Nasdaq-100. Is It Time to Buy?

SpaceX joined the Nasdaq-100 index, which typically triggers buying pressure, but the stock declined instead and now trades below its $150 debut price. The analyst argues the stock is overvalued at 104 times sales with a $1.9 trillion market cap, and warns of potential selling pressure once the lockup period ends. The author recommends waiting for quarterly earnings and more clarity before investing.

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