SpaceX Stock Is Down 38% From Its High. Here's Where It Will Be by 2028.
SpaceX has a lot of work to do just to justify its current valuation.
Overview
Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, has been a volatile stock since going public over two months ago. As of Wednesday afternoon, it was down by more than 38% from the all-time high of $225.64 per share it set a few days after its debut. However, investors aren't buying SpaceX stock for where it will be in a few months; they're buying it for where it will be by 2028 and beyond.
SpaceX has grand plans to create a space economy that could be worth trillions of dollars. But how much will all of that develop by 2028?
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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