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SpaceX CEO Elon Musk Just Delivered Fantastic News for Nvidia Investors
['Danny Vena', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
The company raised $85.7 billion in its initial public offering (IPO) and ended the day with a record market cap of $2.1 trillion.
The company's net loss of $541 million was much better than the $1 billion loss suffered in the year-ago quarter.
Expand NASDAQ : SPCX Space Exploration Technologies Today's Change ( -0.14 %) $ -0.19 Current Price $ 132.93 Key Data Points Market Cap $1.7T Market cap calculated using publicly traded shares outstanding only.
Expand NASDAQ : NVDA Nvidia Today's Change ( -2.34 %) $ -5.24 Current Price $ 218.72 Key Data Points Market Cap $5.4T Market cap calculated using publicly traded shares outstanding only.
Despite delivering record first-quarter results, Nvidia stock has been stuck in a holding pattern, up roughly 14% so far this year (as of this writing), trading about even with the Nasdaq Composite.