Is SpaceX a Millionaire-Maker Stock?
The company claims to have a long runway for revenue growth, and it probably does.
Investing $5,000 in SpaceX stock today likely won't yield $1 million, but long-term wealth building is possible. To reach that $1 million mark, the stock would need a 200x increase, which would make its market cap $364 trillion, double the current global stock market value. Even with a $10,000 investment, a 100x gain is required, demanding an annualized growth rate of 25.9% over 20 years, an extremely high standard for a megacap company.
SpaceX's recent growth, particularly in its SI segment fueled by new cloud services and AI software, along with a booming Starlink subscriber base, suggests a promising future. However, this growth is far from guaranteed, and the stock should not be purchased with the sole intention of making investors millionaires. Instead, consider it a potential long-term play for those who can tolerate its considerable risk.
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- Is SpaceX a Millionaire-Maker Stock? nasdaq.com