Stocks
$1 Trillion Club: Will SpaceX Join or Be Left Behind?
SpaceX, founded by Elon Musk, recently broke the record for the largest IPO in history. Since then, its stock price has been volatile, initially soaring to $225 per share before plummeting and bottoming out at $104.
Musk stated that SpaceX aims to reach $1 trillion in revenue by 2030. This goal may seem ambitious, considering the company generated just $7.8 billion in the second quarter and is expected to bring in $44.63 billion this year.
To put Musk's claim into perspective, let's look at two companies that might achieve $1 trillion in revenue more feasibly: Amazon (AMZN) and Walmart (WMT).