Space Exploration Technologies ( SPCX -1.20% ) , commonly referred to as SpaceX, got an initial share price bounce when it IPO'd due to enthusiasm about what it might do over the years to come -- such as building orbital data centers . It's also an Elon Musk company, which draws a lot of interest. ( Tesla has averaged annual gains of 39% over the past decade.)
You might be wondering whether you should buy shares yourself or just forget about it.
I myself am forgetting about it, but every investor is different, so it's worth learning more and making your own decision. Here are some considerations.
Why you might buy SpaceX
Here are reasons for buying:
NASDAQ : SPCX
Why you might forget SpaceX
Those may be some compelling reasons to buy, but here are some reasons to pass on SpaceX:
Think it through for yourself and do some more research. I'm steering clear based on what I'm seeing.