SpaceX's IPO glow fades as SPCX slides, reminding buyers to wait for pullbacks

SpaceX's stock SPCX has fallen about 31% from its first-day close after its Nasdaq debut, underscoring that IPO pops are often short-lived as investors weigh near-term prospects and insider selling once lockups lift; SpaceX is set to report on August 4, and insiders may unload hundreds of millions of shares in the coming months, a dynamic that has historically tempered post-IPO gains for many firms, with only a handful of IPOs delivering positive one-year returns (PLTR, ABNB, ARM, SNOW, CART).