Should You Buy SpaceX Before July 7?
Earlier this month, Space Exploration Technologies (NASDAQ: SPCX) offered investors one of the biggest investing events of all time: its initial public offering. SpaceX raised $75 billion for the largest IPO on record, and went on to bring in a total of more than $85 billion after underwriters exercised an overallotment option. The IPO was greatly oversubscribed, and the stock jumped nearly 20% in its first day of trading from its $135 IPO price. So it's clear investors were eager to get in on this growth story right away.
Since, SpaceX has given back some of its gains -- but it's still trading higher than its IPO price. In the coming weeks, certain events will unfold, and they could trigger movement in the stock price. The first such happening is right around the corner, on July 7. Should you buy SpaceX before that time? Let's find out.
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