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Fed Interest Rate Hikes and Growth Industry Outlook

The Motley Fool +1 · ·by G4L

SPCX Space Exploration Technologies Corp
$139.11 -0.59%
View chart & analysis →
RIVN RIVN -4.84%JOBY JOBY -4.87%
  1. 1The Fed implemented a 25bp interest rate hike in September, bringing the Fed's benchmark interest rate range to 3.75%-4.00%.
  2. 2Elon Musk claimed that SpaceX could grow its revenue to 1 trillion dollars by 2030.
  3. 3Rivian is currently trading more than 80% lower than its IPO price of 78 dollars.

So what's the key point?

The US central bank raised interest rates to 4.00%. SpaceX is expecting massive growth, and Rivian's stock price has fallen significantly from its IPO level.

Source The Motley Fool +1 · View original ↗

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