SpaceX IPO: Here's What a $5,000 Investment Could Look Like in 5 Years
SpaceX is about to make history with a potential $75 billion IPO -- but before you rush to buy shares, you need to understand what's really driving this $1.8 trillion valuation.
SpaceX IPO: Here's What a $5,000 Investment Could Look Like in 5 Years
Overview
What could be the biggest initial public offering (IPO) in history is just around the corner. On June 12, shares of SpaceX -- trading under the ticker SPCX -- will hit public markets, finally giving retail investors a chance to own Elon Musk's space and technology behemoth.
The company is hoping to raise a whopping $75 billion. If it does, it will eclipse the record $29.4 billion raised in the 2019 listing of Saudi Arabian Oil, or Saudi Aramco. And if all goes according to plan, SpaceX will carry a market capitalization that places it among the top 10 most valuable companies on the planet -- $1.8 trillion. It will also make it bigger than Tesla, which is also led by Musk.
Details
To say there's a lot of buzz surrounding the SpaceX IPO would be quite an understatement. So, if you're able to get your hands on $5,000 in SpaceX stock on day one, what might that investment look like in five years?
Source
Originally published at www.fool.com.
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