Prediction: SpaceX Stock Will Be Worth This Much in 1 Year

Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) went public on June 12. In the days that followed, the stock quickly rallied to a peak of $225.64, but it has since plummeted to as low as $104.83. As of Monday afternoon, it was trading around $146 -- still down by 35% from its peak, and below its first-day opening price.SpaceX could create significant long-term value for investors through its space transportation, satellite internet connectivity, and artificial intelligence (AI) infrastructure businesses -- in fact, Musk thinks $1 trillion in annual revenue might be in the cards by 2030. But the stock's sky-high valuation might be a barrier to further upside in the near term. Here's where I predict its stock will be trading one year from now.Image source: The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool