SpaceX Stock Hit $2 Trillion on IPO Day. History Says a $10,000 Investment Will Be Worth This Much in a Year.
SpaceX topped $2 trillion on its first trading day, but history says the stock will drop sharply in the next year.
Overview
Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) went public at $135 per share on Friday, June 12. The company's initial market value of $1.8 trillion made it the largest IPO in history, and the stock gained more than 20% on the first trading day, carrying its valuation above $2 trillion.
Large IPOs have historically underperformed during their first year on the market. In fact, history says $10,000 invested today will be worth less than $5,300 by June 2027. Here are the important details.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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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.