Where Will SpaceX's Price Be in September? Here's What the Options Market Says.
Yahoo Finance ·
Space Exploration Technologies ( SPCX +0.15% ) , led by innovative founder Elon Musk, has wowed investors with its position in the exciting spaces of rocket launches, connectivity, and artificial intelligence (AI). And thanks to SpaceX's recent initial public offering, investors have the opportunity to get in on this growth story. The industrial and tech giant launched a record operation earlier this month, raising more than $85 billion after an overallotment option in what is now the world's biggest IPO. And the stock has climbed in the double digits from its IPO price of $135. Musk says the company has reached an important growth phase -- and he even completed a $25 billion bond sale in recent days to raise additional funds. Now, whether you're a SpaceX shareholder or considering a position in the stock, you might be wondering what's next for the stock price after the recent positive debut. Where will SpaceX's price be in September? Let's check out what the options market says. First, let's catch up quickly on the SpaceX story so far and the details of the recent IPO. As mentioned, the company operates in three game-changing growth areas. And what's compelling is that SpaceX's advancements in one area may boost its other businesses. For example, its reusable rocket technology will make it cheaper for the satellite-based internet business to send satellites into space.
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