Prediction: 3 Trillion-Dollar Stocks Set to Leapfrog SpaceX by the End of 2026
SpaceX's $2 trillion-plus valuation is a short-lived mirage.
Overview
It's been a history-packed year for Wall Street -- and it's not even half over. Through June 18, we've witnessed the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite climb to new highs, the arrival of a new Fed chair, and the largest-ever initial public offering (IPO) burst onto the scene.
On June 12, Space Exploration Technologies (SpaceX)(NASDAQ: SPCX) officially unseated Saudi Aramco for the title of largest IPO cash raise in history. The $75 billion raised by Musk's artificial intelligence (AI) and space economy goliath nearly tripled the capital raised from Saudi Aramco's December 2019 IPO.
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Originally published at www.fool.com.
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