SpaceX (NASDAQ: SPCX) is a great company to follow and love, being well-positioned in the global race to commercialize space. It provides numerous opportunities for humanity and investors, but now may not be the best time to buy the stock.
Still suffering from its post-IPO malaise, the market shows signs of a bottom but has yet to confirm it. In the current scenario, SPCX is just as likely to continue its downtrend as to recover, and there is more impetus to sell than to buy.
