SpaceX Stock Has Pulled Back 32%. Time to Buy?

Shares of rocket and satellite company SpaceX (NASDAQ: SPCX) have tumbled almost as fast as they climbed. After its market debut this month sent shares as high as $225.64, the stock has since fallen about 32% to about $153 as of this writing.A pullback like this in a stock investors couldn't get enough of just weeks ago raises an obvious question: Is now the time to buy? The company behind Starlink and a leading rocket-launch business is one of the most closely watched companies anywhere. But a lower price doesn't automatically make a stock a good deal -- and in SpaceX's case, the valuation still looks stretched.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool