Could SpaceX Stock Make You a Millionaire? This Is the Simple Answer
SpaceX stock has big ambitions, but its valuation limits its upside.
Overview
After weeks of anticipation, Space Exploration Technologies (NASDAQ: SPCX) pulled off the biggest IPO in market history.
Elon Musk's space company raised $75 billion in its public offering, and the stock soared in its opening days, jumping from an IPO price of $135 to a peak of $225.64, reaching a market cap of nearly $3 trillion.
Details
Since then, the stock has cooled off and has settled in a range of around $150-$160 a share over the last two days. Trading volume and interest remain sky-high more than a week after the IPO. On Tuesday, its lowest-volume day, roughly $20 billion worth of SpaceX stock changed hands.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.