SpaceX Stock Has Closed Above $200 Exactly Once. Prediction: It Will Again Before 2028.
Can the rocket and AI giant post a $10.4 billion quarter by the end of 2027?
Overview
SpaceX (NASDAQ:SPCX) has been public for almost four months, and in that stretch its stock has closed above $200 exactly once. That was June 16, just its third session after the initial public offering (IPO), when shares ended at $211.39.
The stock hasn't been back since. It sits near $151 as I write this, even after Starship, the company's huge next-generation rocket, completed its first orbital flight last week.
Details
Climbing back to $200 would take a rise of about 33%. My prediction is that SpaceX makes it before 2028. And the case doesn't depend on investors paying more per dollar of sales than they do now. It depends on revenue.
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.