What Will SpaceX's Share Price Be by the End of 2027? Here's My History-Driven Prediction.
Caveat emptor, retail investors!
Overview
Two weeks ago, Elon Musk's Space Exploration Technologies (SpaceX)(NASDAQ: SPCX) cemented its name in the record books. Including the overallotment option exercised by underwriters, SpaceX raised $85.7 billion from its initial public offering (IPO), nearly tripling the $29.4 billion raised by overseas oil titan Saudi Aramco in December 2019.
But investing on Wall Street isn't about where a stock has been -- it's about where it'll head next. Although historical precedent can't guarantee what's to come, history does tend to rhyme. Using history as a guide, here's my prediction for SpaceX's share price by the end of 2027.
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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.