SpaceX vs. Meta Platforms: Which Will Reach the $2 Trillion Club First?
SpaceX and Meta Platforms are closer businesses than you may think.
Overview
Although Space Exploration Technologies (NASDAQ: SPCX) reached the $2 trillion mark shortly after its initial public offering (IPO) in June, it has fallen significantly since then and is now valued at about $1.45 trillion. Meta Platforms (NASDAQ: META) has never been a member of the $2 trillion club, peaking at $1.988 trillion. Currently, it's valued at $1.5 trillion.
Of these two, which one will be the first to get into the $2 trillion club? This is an important question, as each stock will need to rise at least 33% to get there. If either one can do that during the next year or two, it would be a worthwhile investment, as it could outperform the broader market on its way to this exclusive club, which currently has only six members.
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Originally published at www.fool.com.