Down 30% From Its High, Is SpaceX Stock a Buy Now?

Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, got off to a hot start after its IPO. From its initial trading price of $150, it rose over the course of a few days to an intraday high of $225.64. Then, after some of the initial hype died down and the company announced it was raising more money via a bond issue, the stock slumped. It has rebounded modestly in recent days, but as of Thursday, it was still about 30% off its all-time high.So, is SpaceX a great stock to buy on the dip? Or should you be patient? Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool