$SPCX - SPACEX SPARKS TECH BUBBLE FEARS SpaceX’s near-50% surge after its IPO has raised concerns that tech valuations may be overheating.…
$SPCX - SPACEX SPARKS TECH BUBBLE FEARS
SpaceX’s near-50% surge after its IPO has raised concerns that tech valuations may be overheating. Now the world’s fifth-most valuable company, SpaceX’s rally comes despite no profit forecast and doubts over its ambitious space plans. Swissquote’s Ipek Ozkardeskaya calls the stock a warning sign that technology valuations may have gone too far. Shares gained another 3.5% premarket to $208.85.
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