SpaceX Soars on IPO Day, History Suggests a 3-Month Pullback
TL;DR Summary
SpaceX jumped about 19–20% on its first day of trading, valuing the company around $2.1 trillion after pricing the IPO at $135 and closing above $160. While the debut was blockbuster, historical IPO data show many large offerings pull back in the next three months, with average declines around 13%—so investors shouldn’t rush in for immediate gains and may look for later pullbacks or opportunities.
- SpaceX Climbed Nearly 20% in Its First Day of Trading. Here's Where the Stock Price Will Be in 3 Months, According to History. Yahoo Finance
- SpaceX gains 6% in premarket after record debut. Here's what's driving the valuation debate CNBC
- What's next for SpaceX stock after IPO blastoff Reuters
- Musk Is the World’s First Trillionaire. Who Was the First Billionaire? The New York Times
- Forbes Declares Elon Musk As The World’s First Trillionaire Forbes
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