Since it began trading back on June 12, Space Exploration Technologies (SPCX +2.04%) stock has traveled a bumpy road.

The initial public offering was priced at $135 per share, and the first trade on its opening day was at $150. From there, it rose over the course of a couple of days to a peak of $225.64,  then started its descent. After dropping as low as $104.83 in August, it seemed to find its footing. On Sept. 9, SpaceX closed at $147.55, 9.2% just below its first trading price.

We’ll look at SpaceX’s upside, the challenges ahead, and how much a $5,000 investment could grow by September 2027.

Image source: The Motley Fool.

Establishing a new infrastructure framework

In the Form S-1 that SpaceX filed before it went public, it…