Could SpaceX Be More Valuable Than Amazon and Microsoft? Here's What Price Its Stock Would Need to Hit for That to Happen
Investors are showing that they aren't all that concerned about valuations as long as the growth story looks good.
Could SpaceX Be More Valuable Than Amazon and Microsoft? Here's What Price Its Stock Would Need to Hit for That to Happen
Overview
At over $2.5 trillion in market cap, SpaceX (NASDAQ: SPCX) is already one of the most valuable companies in the world right now. It's more highly valued than blue chip companies such as Coca-Cola, JPMorgan, and McDonald's, which, unlike SpaceX, are highly profitable businesses.
Given the excitement around the stock and its already high valuation, it may be entirely possible that in the very near future it eclipses tech giants Amazon and Microsoft as well. Here's how high it might need to rise to get to that level.
Image source: Getty Images.
Details
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.
