SpaceX's IPO Slump Tests Patience as Musk Signals 10-Year Payoff

SpaceX priced its IPO at $135 per share and now trades around $114, roughly 22% below the IPO price and 49% below the post-IPO high, a pattern common for mega-IPOs as hype cools. Elon Musk and executives have stressed the company’s decade-long vision (Moon and Mars infrastructure) may mean missing quarterly profits, reinforcing a long-term, not near-term, payoff. The IPO explicitly reserved a sizable allocation for retail investors, underscoring Musk’s push for broad access even as markets digest the potential decade-long return.