Should You Buy SpaceX Stock Below $120?
It seems like just yesterday, Elon Musk was anointed the world's first trillionaire by capital markets. Now, with Space Exploration Technologies (NASDAQ: SPCX) stock down 43% from highs set in the days following its initial public offering (IPO), Musk's net worth is close to getting cut in half as bearish sentiment sets in.
Are we still far from intrinsic value, or is SpaceX stock a screaming buy at $120 or below? When looking at the numbers, the answer is clear.
Wall Street and the tech community hyped up the SpaceX initial public offering (IPO) because of the immense growth potential at play with this space economy and artificial intelligence (AI) stock. The key word in that statement is "potential."
Source Fool.com
