How Buying SpaceX Today Could More Than 10X Your Net Worth
SpaceX could deliver a quadruple-digit gain if this one prediction comes true.
Overview
Let's cut to the chase. An investment in Space Exploration Technologies (NASDAQ: SPCX) today could very well grow your net worth tenfold if -- stay with me -- annual revenue grows at an average rate of about 42% for the next 15 years, or 23% over the next 25 years.
If either came true, annual revenue would reach about $3.6 trillion, which is strikingly close to Morgan Stanley's 2040 forecast of $3.4 trillion for SpaceX.
Details
With this in mind, let's take a closer look at my reasoning to see if this space stock is worth buying today.
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.