Thinking About Buying SpaceX Stock? Ask Yourself These 3 Questions First.
Written by Jack Delaney for The Motley Fool -> With potentially more than $100 billion in orders, retail investors flocked to the SpaceX IPO. There's a lot of opportunity with SpaceX, but there is also significant risk. For those considering moving from the sidelines and buyin
With potentially more than $100 billion in orders, retail investors flocked to the SpaceX IPO.
There's a lot of opportunity with SpaceX, but there is also significant risk.
For those considering moving from the sidelines and buying the shares, there are three questions worth answering before buying SpaceX stock.
When Space Exploration Technologies (NASDAQ: SPCX) , or SpaceX, went public on June 12, retail investors reportedly placed more than $100 billion in orders. That means on the first day of trading, many people who wanted to own SpaceX now have the stock in their portfolios.
There are still people who sat out the SpaceX initial public offering (IPO), waiting to see how things shake out. Now that it's officially trading, for anyone still considering buying the shares, there are three questions to ask that can help you decide.
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Before its S-1 filing, most people viewed SpaceX as a space company. But when the S-1 filing for its IPO came out, the total addressable market (TAM) the company was targeting made it clear that SpaceX viewed itself as an artificial intelligence (AI) company with space operations.
SpaceX believes its TAM is $28.5 trillion, but $26.5 trillion of that comes from AI. The company said in its filing:
