RESOLVING THE LEDGER
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Space Exploration Technologies (NASDAQ: SPCX) just reported its highly anticipated first quarterly report as a public company. Investors are selling the news, though. SpaceX stock plunged as much as 13% before paring that loss.
The stock is trading well below its initial public offering (IPO) price of $135 per share, and the question for investors is when the stock will bottom out or whether it offers enough value to buy now.
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