Where Will SpaceX Stock Be in 5 Years?
A $2 trillion valuation already assumes a lot. Here's what has to go right to justify it.
Overview
SpaceX (NASDAQ: SPCX) has been public for less than a month, and the stock has already made a round trip, surging after its June IPO before sliding about 34% from its high to a recent price near $148. That leaves the company valued at close to $2 trillion.
For a business still losing money, that is an extraordinary price. So the interesting question isn't what the stock does next week. It's where it could reasonably sit in five years, and what would have to happen for today's buyers to be rewarded.
Details
Let's take a look.
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.