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Markets · Investing · Business
Finance
SpaceX Stock Is Almost Here. Could a $1,000 Investment Make You a Millionaire?
Anyone expecting this stock to dish out red-hot gains for a long time may want to check their expectations.
The SpaceX(NASDAQ: SPCX) initial public offering (IPO) is imminent. Assuming nothing changes in the meantime, the well-discussed stock will begin public trading on Friday, June 12. Even if you aren't able to directly participate in the initial direct placement, you may have plans to buy it in the open market afterward.
And the hype is certainly palpable enough to make you feel like it's a must-have investment. Indeed, you may even believe a relatively small investment now could grow into a major sum of money later.
Details
And this raises the question -- could investing just $1,000 in SpaceX this week make you a millionaire?
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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.
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