Did SpaceX Stock Just Peak? Here's What History Says.
SpaceX stock surged 67% from its IPO price to its peak on June 16. Is the hype over?
Did SpaceX Stock Just Peak? Here's What History Says.
Overview
Space Exploration Technologies (NASDAQ: SPCX) went public on June 12, and investors have now had more than a week to digest the biggest public offering in history.
Fueled by a limited float, a massive push by Wall Street bigwigs, and the mystique of Founder and CEO Elon Musk, SpaceX soared out of the gate, gaining in its first four sessions to peak at $225.64 a share on June 16, a gain of 67% from its $135 listing price.
Details
The surge out of the gate is typical for high-profile IPOs. Figma, the design software stock, jumped more than 300% in its first two days after its IPO last July, and Cerebras Systems more than doubled from its IPO on its opening day.
Source
Originally published at www.fool.com.
