12 Months From Now, Will You Wish You Bought SpaceX Today?
Houston, we have a valuation problem.
12 Months From Now, Will You Wish You Bought SpaceX Today?
Overview
Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, couldn't have had a better initial public offering (IPO). After raising an unparalleled $75 billion, which rose to $85.7 billion after underwriters sold more shares via overallotment options, SpaceX closed its first trading day with a market cap north of $2 trillion, the only company to ever debut at that valuation.
As of June 18 (pre-market), SpaceX has reached $2.5 trillion, briefly surpassing Amazon as the fifth-most-valuable company in the world. Shares have been flirting with $200, though now that the initial excitement is starting to wear off, investors will see how this stock trades sans the excessive exuberance.
Details
Will the next year favor this megacap space stock -- and better yet, will investors regret not buying SpaceX at today's price if it does?
Source
Originally published at www.fool.com.
