SpaceX Is Down 32% From Its High. 4 Reasons Why a Merger with Tesla Would Make SpaceX a Better Long-Term Buy.
SpaceX and Tesla have no shortage of big ideas, and putting both companies under one umbrella could make the most sense for long-term investors.
Overview
On June 22, Space Exploration Technologies (NASDAQ: SPCX) had its worst session as a public company -- falling 16.4% to close at $154.60 per share. That puts SpaceX down 31.5% from its intraday high of $225.64 per share.
Here are four reasons why SpaceX should merge with Tesla (NASDAQ: TSLA), and why it would make the growth stock more appealing for long-term investors.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.