SpaceX Stock May Be Down 51%, But It's Still Outperforming These 2 Other Recent IPOs
Which of these three high-tech market newcomers is the best?
Overview
It's been nearly two months since Elon Musk's Space Exploration Technologies Corp. (NASDAQ: SPCX), commonly known as SpaceX, went public. Despite an initial surge in interest (and share price), the stock has badly underperformed the market. Shares of SpaceX stock are down more than 51% from their highs.
However, two other high-tech stocks made their market debuts around the same time as SpaceX, and they've actually fared just as badly.
Details
Here's why SpaceX, despite being down 51%, managed to outperform recent nuclear IPO X-Energy (NASDAQ: XE) (down almost 55%) and is only doing a bit worse than Standard Nuclear (NYSE: STDN) (down 45.5%). Let's also look at which stock is likeliest to recover.
Source
Originally published at www.fool.com.