Currently, Space Exploration Technologies (SPCX -3.86%) trades for under $150 per share. It opened at around $150 per share, so it’s still below that price tag. While that may be a red flag for some investors, I don’t think it’s that big of a deal. Any stock will go through a volatile period when it hits the public markets, as supply and demand for the stock have to shake out for a bit. With the stock hovering around its opening price, I think this suggests it was fairly valued heading into the initial public offering (IPO).
But what comes next?
I think there are a few things that SpaceX investors need to watch for, as they could determine the next direction of the stock move.
Image source: The Motley Fool.
