If You'd Put $500 Into SpaceX the Day It Went Public, Here's What You'd Have Today
Before it went public, investors thought this space stock was headed to the moon. Have they been right?
Overview
After years of waiting, investors finally gained the opportunity to buy stock in Space Exploration Technologies (NASDAQ: SPCX) after the company held its initial public offering (IPO) in June. Shares of SpaceX rocketed higher after their debut on public markets, closing 19.6% higher on their second day of trading after closing at $160.95 on the day of the IPO.
But how have those who bought shares at the IPO fared since SpaceX stock launched on June 12? Are they heading to the stars or falling back to Earth?
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.