Why Growth Investors Should Avoid the SpaceX IPO
The long-term growth potential of the stock compares poorly to Elon Musk's other company, Tesla, for one key reason.
Why Growth Investors Should Avoid the SpaceX IPO
Overview
The upcoming SpaceX IPO is undoubtedly one of the most closely watched in years. The company dominates private launches into space and satellite-based internet, and under the leadership of Tesla CEO Elon Musk, is also a leader in artificial intelligence (AI).
Given that backing, the company plans to issue 555.6 million shares at $135 per share, according to informed sources, and many investors will undoubtedly take part in the IPO. Unfortunately, that arrangement may also sour the more ambitious growth investors on the stock. Here's why.
Image source: The Motley Fool.
Details
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.
