Prediction: SpaceX Stock Could Be Worth $5 Trillion or More If This 1 Thing Happens
Reaching a $5 trillion market cap could take SpaceX a while.
Overview
What goes up can come down. We're seeing that axiom play out with Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX. Shares of the space technology company skyrocketed immediately after its record-setting IPO. In recent weeks, though, SpaceX stock has plunged more than 30% below its peak.
However, SpaceX still boasts a market cap of over $1.7 trillion. I think there's a chance that it could grow much larger over the next decade. In fact, I predict that SpaceX stock could be worth a whopping $5 trillion or more -- if one thing happens.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.