SpaceX Stock Has Already Lost Most of Its IPO Gains. It’s Not Time to Buy Until

Space Exploration Technologies (SPCX) is continuing to take investors on a roller coaster ride—and I don't expect it to end any time soon. After launching the biggest initial public offering in stock market history, raising an incredible $85.7 billion, SpaceX rattled the markets this week when it said it needed—you guessed it—even more cash.

SPCX stock sold off fast Monday, dropping 16%, as the company sold off bonds to raise another $25 billion on top of the $85 billion that it raked in during its IPO, according to CNBC. The company now has more than $100 billion in cash.

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SpaceX priced its IPO at $135 and started trading at $150 on June 12. Now, just two weeks after that mammoth opening, Elon Musk's c

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/spacex-stock-already-lost-most-150002623.html)