Space Exploration Technologies (SPCX +15.83%) is one of the hottest companies in the market. It went public two months ago with a lot of fanfare and rising stock prices, but has since sold off and is now below pre-IPO levels.

The company also recently announced second-quarter earnings, where investors got a first look at fresh finances and could better understand the company’s direction without any IPO marketing fluff.

But is the stock worth buying under $125 per share? Let’s take a look at some history.

Image source: The Motley Fool.

Letting the initial dust settle is a good idea for investors

A lot happens in the first year after a company goes public. Investors start to get a feel for how a company does from quarter to quarter, as…