Space Exploration Technologies (NASDAQ:SPCX) has been a polarizing stock since its record-breaking IPO in June. Some investors are deeply impressed by the company's innovations and expect it to deliver life-changing returns over the long run, while others are skeptical, especially given valuation concerns. Which side is right? Perhaps it's still too early to decide, but it is at least fair to say that SpaceX gave the bulls more robust arguments with its latest quarterly update. Let's look into it. Image source: The Motley Fool.
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