SpaceX Shares Fail to Launch Despite Soaring Revenue. Is the Stock a Buy on the Dip?
Space Exploration Technologies (SPCX +6.14%) reported solid Q2 results, but aggressive capex plans and a looming share lock-up expiration sent its shares spiraling. After a strong debut in its June IPO, SpaceX stock has since struggled to find its footing, falling below its IPO price. Let’s take a closer look at its results and prospects…