The Space exploration technologies (NASDAQ:SPCX) – or SpaceX as most already know it – the stock price has shown more volatility over three weeks than utility stocks have over a decade. Movements of 5-15% are almost a daily norm.

Before the June 12 initial public offering, some retail investors bought SpaceX shares through their investment platforms. However, this number has been confined due to high demand.

However, entering at an entry price of $135 (£100.65) per share has so far proven to be fine, with SpaceX gaining around 16%. So a £5,000 investment will now be worth around £5,800.

However, there was no action again. My friend applied for PLN 10,000. pounds and received only 2,000. pounds. But what about someone who was delayed to the pre-party and invested $5,000? pounds on the first day of trading? Would they get up too?

Throughout the store

SpaceX shares were opened on the stock exchange Nasdaq at $150, reached an intraday high of $176 and ended the session at just under $161. As I write, the stock is trading at $157.

So assuming someone was able to invest at $160, they would have a tiny loss. At first, this would probably be more disappointing than it seems, considering the stock was trading at $225 just a few weeks ago.

What about the future?

Of course, three weeks is the blink of an eye for SpaceX. His mission is “build the systems and technologies necessary to make life multi-planetary, understand the true nature of the universe, and extend the light of consciousness to the stars“.

For the record, my buddy believes in this vision and has added to his shareholding since the IPO. He will put the stock aside for at least a decade and let Elon Musk and SpaceX do their thing, believing that by then it will be a much bigger business.

I have some sympathy for that. After all, recent reports indicate that the company plans to launch the Starlink mobile service directly to American consumers.

If so, this would mean adopting elements such as T-Mobile, AT&T AND Verizon. Analysts at Oppenheimer believe SpaceX will indeed disrupt the $1.6 trillion U.S. telecommunications industry.

By the 2030s, SpaceX could ensure reliable operation of its 40-story Starship rocket. This would lay the groundwork for a supercharged Starlink network of next-generation satellites, including potentially space-based data centers, as well as a highly lucrative commercial cargo corridor to the Moon.

If SpaceX achieves its mission… it will be a modern-day East India Company in space, controlling routes, infrastructure and trade across the border and giving it a quasi-sovereign reach far beyond that of any ordinary corporation.

Oppenheimer analysts

A view through the eyes of a magpie

No one knows where SpaceX will be in 10 years, especially as it faces sophisticated technical challenges related to spacecraft reuse and on-orbit refueling.

Meanwhile, the AI ​​unit faces Earthly competition MicrosoftOpenAI and Google. My main concern remains SpaceX’s loss-making valuation, with a forward multiple of around 64.

It’s too sizzling for my taste, so I’ll wait patiently for a better price. For now, I see greater opportunities in other, more practical actions.

Is it worth investing £5,000 in Space Exploration Technologies Corp. now? – class A?

If investing expert Mark Rogers and his team have stock advice, it can pay to listen. After all, Twelfth Magpie’s flagship Share Advisor newsletter, which it has run for almost a decade, provides thousands of paying members with the best share recommendations from across the UK and US markets.

Mark believes there are 6 standout stocks that investors should consider buying right now. You want to check if Space Exploration Technologies Corp. – class A was on the list?

Ben McPoland has no position in any of the companies mentioned.