What a $3,000 Investment in SpaceX Could Be Worth by 2030
Calculating a future investment value requires making assumptions.
Overview
Space Exploration Technologies (NASDAQ: SPCX), commonly called SpaceX, completed its initial public offering (IPO) on June 12. Investors were anxiously awaiting this much-hyped IPO.
In its more than two months as a public company, the share price has been volatile. After going public at $135, the stock closed at $160.95 on the first day of trading. The closing price reached a high of $211.39 on June 16 and a low of $113.29 on July 27.
Details
Clearly, predicting short-term price movements seems pointless. But what about looking ahead a few years? With a few key assumptions, investors can try to project the stock price and the potential value of an investment at the end of 2030.
Source
Originally published at www.fool.com.