If You Have $1,000 to Invest Today, Should It Go Into SpaceX or the S&P 500? History Has a Clear Answer.
Always remember the difference between investing and speculating.
Overview
It's been quite some time since there has been an initial public offering (IPO) with as much hype as Space Exploration Technologies' (NASDAQ: SPCX) (SpaceX) offering on June 12. It was the largest IPO in history, and over the three trading days that followed, the stock rose about 33%.
Many investors (and Elon Musk loyalists) are eager to get a piece of SpaceX, expecting generational returns if the company fulfills its ambitious long-term plans. But is now a good time to get in, or is your money better off in a broad index like the S&P 500 (SNPINDEX: ^GSPC) right now?
Image source: The Motley Fool.
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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.