Space X stock IPO

80watts

Well-known member
May 20, 2004
3,447
1,310
113
Victoria
Today: The current stock price of SpaceX (SPCX) is $160.90. The stock has seen a daily range between $135.00 and $176.34 recently The IPO was set for 135.00.

Who is this stock good for. Right now the only thing making money is Starlink. At about 18 Billion a year for Starlink.

The P/E ratio for SpaceX is -56.59 (TTM), indicating a significant valuation based on its earnings. This negative ratio reflects the company's current financial situation, which is often used for unprofitable companies.

The only way someone is going to earn money on this stock is by a rush of idiots driving up the stock... Risk takers.... reminds me of the tech stock IPOs in 2000.... most of which failed.
 

Rollingstar

Definitely not thriving but just okay.
Oct 10, 2007
101
150
43
Vancouver
People that got allocated stocks at ipo price must hold for 90 days, I’d consider investing afterwards. Although a couple of big heavy hitters are rushing to going public before the tech crash.
 
Ashley Madison
Vancouver Escorts