SpaceX shares have only just begun trading, and the urge to pile in is already tugging at retail investors. One Motley Fool analyst thinks that money would work harder elsewhere.
Elon Musk's rocket and satellite company closed its first session up about 19% at $160.95 (£121) on Friday 12 June, the largest stock market debut on record. It priced at $135 (£101) a share but opened near $150 (£113), so anyone buying on day one was already paying up. The listing pushed SpaceX's market value beyond $2 trillion (£1.5 trillion), CNBC reported, and carried Musk's own net worth past $1 trillion (£750 billion). For smaller investors, it revived a familiar pull: the fear of missing out (FOMO).
