What Could a $5,000 Investment in SpaceX Be Worth by 2030?
Yahoo Finance ·
Space Exploration Technologies ( SPCX -0.85% ) , better known as SpaceX, is one of the hottest stocks in the market. It went public a couple of months ago and has had a bit of a turbulent ride. However, the stock seems to be settling in now. But the question is, where is it going from here? SpaceX has a lot of success already priced into the stock. But what could a $5,000 investment turn into by 2030? Let's take a look. SpaceX divides its business into three parts: space, connectivity , and AI. While SpaceX's long-term vision and goals align more with the space side of its business , that's not where it's seeing growth right now. In the second quarter, the space division's revenue was $962 million, compared to connectivity's $4.3 billion and artificial intelligence's (AI) $2.6 billion. It may be some time before the space side of SpaceX becomes the main focus for SpaceX investors. Still, most investors are fine with the company building out its other business units to eventually fuel its space ambitions.
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