SpaceX vs. S&P 500 ETF: Here's Which One History Says Is More Likely to Outperform
History offers a resounding answer when it comes to mega IPOs.
Overview
After months of hype, Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, went public last month. Despite its record-breaking debut as the largest initial public offering (IPO) in history by market cap, the stock is currently down nearly 21% from its peak on June 16.
While some investors are still optimistic that SpaceX will skyrocket after it finds its footing, others are not convinced that it has what it takes to thrive over time.
Details
Nobody can say for certain where SpaceX will be in a decade or two, but if it's anything like previous mega-IPOs, history suggests the humble S&P 500 ETF could be a more lucrative option.
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.