$1,000 Invested in Tesla 10 Years Ago Is Worth Over $27,000 Today. Can SpaceX Follow That Same Path Over the Next Decade?
Yahoo Finance ·
There's a strong case to be made that no company has received as much hype entering the market as Space Exploration Technologies ( SPCX 0.78% ) SpaceX accomplished the largest initial public offering (IPO) in history and captivated a base of Elon Musk enthusiasts and loyalists. Because of the Musk connection , people have been using Tesla 's ( TSLA 2.18% ) performance as a benchmark for what could be possible for SpaceX. Tesla's stock has struggled this year (down 12% as of the time of writing), but it has produced generational gains since its June 2010 IPO. A $1,000 investment in Tesla 10 years ago would be worth around $27,400 today -- impressive to say the least. Can SpaceX duplicate those results over the next decade? Let's take a look. At its core, SpaceX is a rocket launch company . That's what it was founded on, and that continues to be its foundation, but it's spreading its wings beyond just that. It offers Starlink -- a leading global broadband provider -- and, after acquiring xAI (the parent company of X, formerly Twitter), has become a respectable player in AI infrastructure.
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