Here’s What a $1,000 Investment in SpaceX’s IPO Would Be Worth Today — and What Could Come Next
SpaceX is soaring, but that rally could sputter out.
Here’s What a $1,000 Investment in SpaceX’s IPO Would Be Worth Today — and What Could Come Next
Overview
SpaceX (NASDAQ:SPCX), the aerospace and AI company founded by Elon Musk, went public on June 12. It priced its shares at $135, started trading at $150, and is now trading around $170 as of this writing. It opened with a market cap of $1.77 trillion, making it the biggest IPO in history.
SpaceX floated less than 5% of its shares in that offering, but allocated up to 30% to retail investors rather than institutions. That decision opened up SpaceX to a much larger cohort of smaller investors. Let's see what a $1000 investment might have gotten you in SpaceX's IPO -- and how much it might be worth in a few years.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- Adobe’s CFO is departing for Marvell. And it’s one more reason for investors to choose chips over software.
- There’s a 68% chance the stock market ends the year higher. Why the headlines shouldn’t disrupt your portfolio.
- Twist Bioscience Director Sold 12,000 Shares. Here's What That Means for Investors.
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.
