Could $5,000 Invested in SpaceX Help You Retire a Millionaire?
A $5,000 investment if SpaceX would need to climb 200 times to reach $1 million.
Overview
Could making a $5,000 investment in SpaceX (NASDAQ: SPCX) help you retire a millionaire? That's highly unlikely by itself; after all, the stock would have to increase by 200 times. That would put it at a valuation of around $400 trillion.
To put that in perspective, total global gross domestic product (GDP) is expected to come in at around $126 trillion this year. Meanwhile, at the time of its IPO this past June, SpaceX placed its total addressable market (TAM) at an eye-popping $28.5 trillion. TAM is the amount of revenue a company would generate if it could capture every opportunity for itself in the market.
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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.