SpaceX made history on its first day of trading. But while the IPO soared, the rest of the space sector took a significant hit on Friday. MarketBeat analysts Chris Markoch and Thomas Hughes join MarketBeat's Bridget Bennett to break down what actually happened, what the valuation really means, and most importantly — what investors should be doing with their space stocks come Monday.
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Video Chapters:
00:00 Introduction
01:11 Reaction to the Opening Bell
02:27 How SpaceX Traded on Day One
03:33 The Valuation Question
05:49 What This Means for the Broader Market
07:13 Space Sector Stocks Taking a Hit
09:24 Stock 1
10:13 Stock 2
12:04 Tesla and the Elon Empire
13:22 Should You Buy the Dip in Space Stocks
16:32 What to Expect Monday
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