Does a Lower Stock Price and New Contracts Make SpaceX Stock a Buy?

In many ways, the public debut of Space Exploration Technologies Corp. (NASDAQ:SPCX), or SpaceX, was historic. The launch was undoubtedly the biggest initial public offering (IPO) of all time. The company raised $85.7 billion in all, and demand for the stock pushed its market cap to a record-setting $2 trillion.Despite the frenzy, some investors stayed on the sidelines, as SpaceX's valuation soared into the stratosphere. At one point last week, the company's market cap surged to more than $2.8 trillion, pushing its valuation to roughly 150 times sales.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool