If You'd Bought $10,000 of SpaceX Stock at the IPO, Here's What You'd Have Today
Spoiler: You'd probably rather have that $10,000 back.
Overview
Space Exploration Technologies (NASDAQ: SPCX) is a spectacular business with visions, ideas, and ambitions that, if accomplished, would absolutely change humanity forever. It's also an overvalued stock that has spent most of the weeks since its IPO reminding investors how gravity works.
If you had invested $10,000 in SpaceX at its IPO price of $135, your investment would be worth about $8,200 as of this writing, assuming you held on to your shares.
Details
If, however, you bought the stock at its opening day price of about $150, your investment would be worth about $7,400. By contrast, if you had bought SpaceX at its peak price of about $225, then your shares would be worth roughly $4,900.
Source
Originally published at www.fool.com.