Prediction: Here's What $300 Invested in SpaceX Could Be Worth in 2030
What comes next for Elon Musk's brainchild?
Overview
Space Exploration Technologies (NASDAQ: SPCX) may have hit the public markets less than four months ago. But with a market cap of $1.9 trillion, it is already one of the largest companies in the world -- mainly due to the value it accumulated during the two decades it spent as a private company.
Now, investors will be keen to know if SpaceX can continue creating value during the coming years as it pours capital into its space business while expanding to new opportunities like generative artificial intelligence (AI). Let's dig deeper to decide what a $300 position might be worth by 2030.
Details
Before considering a position in SpaceX stock, investors must come to grips with how expensive the company already is. With a forward price-to-earnings (P/E) multiple of 200, the shares are roughly 10 times pricier than the average S&P 500 company. This makes SpaceX even more expensive than other notoriously expensive companies, like electric-vehicle (EV) maker Tesla, which trades at 159 times forward earnings.
Source
Originally published at www.fool.com.