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Could SpaceX be a good stock to build a £10k+ annual second income in future?
['Christopher Ruane', 'Wed', 'August At Pm Bst', 'Min Read']
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When it comes to building a second income, investing in Space Exploration Technologies (NASDAQ: SPCX) might not be the obvious place to start.
It may be that years down the line it generates substantial spare cash and chooses to start paying a dividend.
To target a £10k annual second income at that level, someone would need to invest well over £3m.
At that level, a £10k+ second income would need a portfolio worth at least around £167k.
One income share to considerIts business is more mundane than SpaceX's, but one dividend share I think investors should think about for its income potential is 5.8%-yielding British American Tobacco (LSE: BATS).