SpaceX Fell Below Its Debut Price. History Says a $10,000 Investment Will be Worth This Much in a Year.
The space and AI giant recently completed a historic IPO.
Overview
Space Exploration Technologies (NASDAQ: SPCX) splashed onto the scene just a few weeks ago when it completed the world's biggest initial public offering, raising more than $85 billion after the exercise of an overallotment option. Of course, SpaceX wasn't new to investors -- the company had been making headlines for years, particularly for its rocket launches for NASA. But this was the first time investors, from retail to professional, could easily invest in the company.
Demand was high during the IPO -- it was greatly oversubscribed -- and during the first days of trading. The stock soared 50% from its $150 debut price to a peak of $225 on June 16. In recent days, though, SpaceX has lost the positive momentum. In fact, the stock has slipped below its debut price.
Details
If you had invested $10,000 in SpaceX's early days of trading, how much would this investment be worth in a year? History offers us a very clear answer.
Source
Originally published at www.fool.com.
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