If You Invested $5,000 in SpaceX at Its IPO, Here Is What It Is Worth Today
SpaceX stock has been volatile since the company went public in June.
Overview
Few initial public offerings (IPO) have generated as much excitement as Space Exploration Technologies (NASDAQ: SPCX). Elon Musk's rocket and satellite company went public on June 12 in the biggest IPO in history. The company priced its shares at $135, but overwhelming demand pushed the stock's opening trade to $150. From there, shares climbed as high as $176.52 before finishing their first day at $160.95.
For investors watching from the sidelines, investing in SpaceX probably looked like easy money. IPOs have a funny way of looking different once the excitement wears off, though. As of this writing (Oct. 5), SpaceX stock trades around $165, giving the company a valuation of roughly $2 trillion.
Details
So, if you invested a modest sum of $5,000 in SpaceX stock when it opened for trading, how much money would you actually have today? The answer might surprise you.
Source
Originally published at www.fool.com.