SpaceX Is Down 30% Since Its Stellar Debut. Should You Buy It Now?

Space Exploration Technologies (NASDAQ: SPCX) is experiencing a bumpy ride in its post-IPO takeoff. After a three-day winning streak from its public market debut, SpaceX's stock has fallen 30% from its intraday high. As of this writing on June 24, it trades below its closing price from the first day of trading.

Investors who missed out on the stock's early trading days are now being given another chance. But readers should consider why the stock has fallen so sharply and whether it could keep dropping from here.

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SpaceX is a unique company, and that makes it extremely difficult to value. Its businesses are incredibly speculative, based on technology that's, for the most part, still in the developmental stage. Starlink, its satellite internet service, is the exception as it's already generating meaningful revenue. Otherwise, the company's growth thesis depends on far more speculative ventures.

While SpaceX is ho

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/spacex-down-30-since-stellar-023900365.html)