Missed Nvidia in 2009? This Rare Signal Is Flashing Again.\u00a0In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same “Total Conviction” signal is flashing for a company 1\/100th the size of Nvidia.\u00a0Continue \u00bb<\/a> <\/p>\n Over the next few days, SpaceX continued to rally as the initial wave of interest drove strong buying activity, and the stock price reached $225.64, briefly making the company’s market capitalization greater than that of Microsoft (NASDAQ: MSFT). <\/p>\n Now, we’ve come full circle. As I’m writing this (Tuesday morning), SpaceX is trading for about $149 per share after three consecutive declines, including a sharp 16% plunge on Monday. So, is it time to buy now that shares trade at a price below the level at which the first open-market trades took place? <\/p>\n The decline in SpaceX stock<\/a> appears to be a combination of the initial wave of demand for shares post-IPO cooling off and investor skepticism about SpaceX’s capital needs. <\/p>\n As mentioned, the biggest decline happened on Monday, although SpaceX has been in a downtrend for the past few days. And the main catalyst for the steep decline was the announcement that the company plans a $20 billion bond offering to refinance the bridge loan on its balance sheet. <\/p>\n The reaction isn’t necessarily to the bond offering itself. In fact, using investment-grade debt to refinance a higher-interest bridge loan is generally a smart move. But it’s the fact that SpaceX just raised $85 billion, and this implies that much of the IPO proceeds are already committed elsewhere. <\/p>\n Should you buy? <\/p>\n SpaceX still isn’t a cheap stock, although its valuation seems more reasonable now than it did just a few days ago. That’s especially true given the three AI compute deals the company has announced, which collectively will add nearly $28 billion in annual revenue. <\/p>\n One thing to keep in mind is that SpaceX is likely to be a volatile stock for the foreseeable future. Not only do stocks with elevated price-to-sales valuations generally have high volatility, but SpaceX has a multi-tranche lockup expiration that allows insiders to sell shares at certain points over the next year or so. <\/p>\n If you have a multi-year time horizon and want to own SpaceX in your portfolio, the current price can make sense. But it could be a good idea to build a position in SpaceX (or any other volatile stock on your radar) gradually, rather than all at once. <\/p>\n Should you buy stock in Space Exploration Technologies right now? <\/p>\n Before you buy stock in\u00a0Space Exploration Technologies, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Space Exploration Technologies\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $393,037!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,280,627!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by 4x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of June 23, 2026. <\/p>\n Matt Frankel, CFP\u00ae<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. Why is SpaceX down? <\/p>\n