$5,000 Invested in SpaceX Today Could Grow Significantly by 2027
Despite the stock's volatile price swings since its June debut, analysts are generally bullish about it.
Overview
Since it began trading back on June 12, Space Exploration Technologies (NASDAQ: SPCX) stock has traveled a bumpy road.
The initial public offering was priced at $135 per share, and the first trade on its opening day was at $150. From there, it rose over the course of a couple of days to a peak of $225.64, then started its descent. After dropping as low as $104.83 in August, it seemed to find its footing. On Sept. 9, SpaceX closed at $147.55, 9.2% just below its first trading price.
Details
We'll look at SpaceX's upside, the challenges ahead, and how much a $5,000 investment could grow by September 2027.
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.