Could SpaceX Join the Magnificent Seven?
SpaceX has quickly become a trillion-dollar company.
Could SpaceX Join the Magnificent Seven?
Overview
Space Exploration Technologies (NASDAQ: SPCX) has been soaring since its initial public offering on Friday -- in fact, its two-day gain reached 28%, bringing it to a market value of $2.5 trillion. SpaceX now ranks among the largest publicly traded companies on the planet, and here, I'm referring to a group commonly known as the Magnificent Seven.
These players are as follows: Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, and Tesla. They each are technology giants and leaders in their specialty area -- and together they've led gains in the S&P 500 over the past few years as the artificial intelligence (AI) boom gathered momentum. Each of these players is involved to some degree in AI, as is the newly public SpaceX.
Details
Now, considering SpaceX's businesses, stock market performance so far, and market value, could this company be on track to join the Magnificent Seven? Let's find out.
Source
Originally published at www.fool.com.
