RESOLVING THE LEDGER
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Is the sell-off finally over for Space Exploration Technologies (NASDAQ: SPCX) stock?
Shares of Elon Musk's famed space enterprise fell to $107 a share this morning, a near-6% drop that prompted Bloomberg to crow that SpaceX stock had fallen 20% and erased "$1.2 trillion" in value.
(The actual news was even worse. The first time SpaceX traded on IPO day , it sold for $150 a share. Falling to $107 from that price was nearly a 30 % drop!)
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