Space Exploration Technologies (NASDAQ: SPCX) entered the market with a bang -- and this is for a variety of reasons. First, the company's initial public offering, completed in June, was the biggest ever, with SpaceX raising $85 billion after the exercise of an overallotment option. Second, SpaceX debuted with a market value of more than $2 trillion, instantly joining the ranks of tech giants such as Amazon and Nvidia. Those companies took years on the market to reach such market capitalization levels. Finally, SpaceX's combination of exciting businesses, along with the presence of Elon Musk at the helm, intrigued investors looking for the next big growth opportunity. All of this resulted in demand exceeding supply during the IPO, and the stock soared in its first few days of trading. But the path since that time hasn't been as smooth. In fact, SpaceX stock has lost about 12% year-to-date. Still, SpaceX is in the early days of its growth story and has big ambitions. Could investing $500 a month in this stock help you retire a millionaire? Let's find out.
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