Former Nasdaq CEO reveals SpaceX biggest make-or-break test

I have now covered SpaceX's post-IPO story from at least two major angles. Jim Cramer's verdict that it "couldn't sustain the walk-up," and Doug Kass's short thesis. My colleague also covered Michael Burry studying the trade and walking away.

I have noticed one thing. Each voice has added something to the picture. Yes, that's for sure. But the conversation that stuck with me most came from Robert Greifeld, the former Chairman and CEO of Nasdaq itself.

When the man who runs the exchange SpaceX chose to list on sits down on CNBC and gives you a blunt assessment of what actually matters for the stock and not the aspirational story, but the mechanics, that is worth paying close attention to.

According to Yahoo Finance, SPCX closed June 26 at $153.23, down sharply from its all-time high of $225.64 reached June 16, just days after its record-setting $135 IPO. The stock is now trading 32% below that peak.

Also Read: SpaceX Latest News and Stories

Greifeld was direct in a way that financial executives rarely are on television. His framework stripped the SpaceX story down to two competing forces, and he was clear about which one wins.

On the S&P 500 fast-track rules that allowed Space

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/former-nasdaq-ceo-reveals-spacex-200700354.html)