SpaceX Stock Will Be Worth More Than Nvidia, According to Certain Wall Street Experts
SpaceX was the largest IPO in history, but certain Wall Street experts still see substantial upside for shareholders.
SpaceX Stock Will Be Worth More Than Nvidia, According to Certain Wall Street Experts
Overview
Elon Musk's Space Exploration Technologies (NASDAQ: SPCX), known as SpaceX, went public on Friday, June 12. The rocket and satellite company priced its initial public offering (IPO) at $135 per share. With about 13.1 billion shares outstanding, that gave SpaceX an initial market value of nearly $1.8 trillion, making it the largest IPO in history.
Yet some Wall Street experts think SpaceX will blast past Nvidia's current market value of $4.9 trillion. CNBC's Jim Cramer says the company could quickly hit $6 trillion, and hedge fund billionaire Ron Baron says SpaceX could eventually be worth $14 trillion.
Details
Here's what investors should know.
Source
Originally published at www.fool.com.


