tech
SpaceX: To the moon for investors or a bumpy ride? Here's what experts say
If the first day's share price is anything to go by, investors are still very optimistic on the stock.
TL;DR
- SpaceX's IPO has made founder Elon Musk the world's first trillionaire, with strong initial investor interest and a 19% jump in stock price on the first day.
- Retail investors purchased $100 billion in shares, but experts caution they may become 'panicky' if SpaceX misses performance targets.
- Elon Musk projects SpaceX could reach approximately $1 trillion in revenue by 2030.
- Several financial analysts, including from Miller Tabak and Morningstar, consider SpaceX to be significantly overvalued based on its current valuation and P/E ratio.
- Despite overvaluation concerns, some experts believe long-term investors will ultimately do well, acknowledging the challenges ahead but expressing confidence in the leadership of Elon Musk and Gwynne Shotwell.