◆ NeutralSPCX

Why This Could Be the Worst Time to Buy SpaceX Stock

The Motley Fool·
Why This Could Be the Worst Time to Buy SpaceX Stock

SpaceX stock has fallen below its IPO opening price of $150 despite raising a record $86.7 billion. The article warns this may be the worst time to buy due to three factors: general tech sector weakness, early investor profit-taking, and an upcoming lockup period expiration in early August that could flood the market with 6.8% of total shares (911.5 million shares), potentially driving the price significantly lower.

Read Full Article at The Motley Fool
← Back to Financial Intelligence