Shares of Space Exploration Technologies (SpaceX, SPCX) crossed $170 on Oct. 5 before falling, opening at $164.70 on Oct. 12. After its public offering in June at $150 per share, the stock climbed to the $225 range on June 16 but then hit an all-time low of $104.83 on Aug. 3, amid fading IPO enthusiasm, fears of insider share sales, and concerns about spending and unprofitability. The article suggests long-term investors may view pullbacks as a buying opportunity, and cites the S&P 500’s annualized returns of 8% since 1950, 9% since 1980 and 6% since 2000 as evidence that holding through volatility can pay off.
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