If You Have $1,000 to Invest Today, Should It Go Into SpaceX or the S&P 500? History Has a Clear Answer.
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If You Have $1,000 to Invest Today, Should It Go Into SpaceX or the S&P 500? History Has a Clear Answer.
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.
