The Space Exploration Technologies (NASDAQ: SPCX) — or SpaceX — share price has been in freefall recently. It could do with one of the company’s rocket landing ‘chopsticks’ to come in and catch it!

Even then, a fair bit of damage has already been done, with the stock hovering around $110. That’s a 51% crash since mid-June.

But as Warren Buffett reminds us: “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes“. SpaceX has been public for less than 10 weeks!

It’s very early days, especially for a company aiming to use the Moon as a base to build a human colony on Mars. If ever a stock needs owning for 10 years (or more), it’s this one.