SpaceX: History Shows This 1 Investment Has Outperformed Almost All of the Largest IPOs
It's simpler than you might think to build long-term wealth in the stock market.
Overview
After months of anticipation, SpaceX made history as the largest initial public offering (IPO) in market history. It ended its first trading day with a valuation of just over $2 trillion, placing it squarely in the top 10 largest publicly traded companies in the United States.
While IPOs are exciting for many investors, there's also no shortage of uncertainty. With very little public track record, it's hard to say how any IPO will perform over time.
Details
However, looking back at previous large IPOs shows that history offers one clear pattern: They tend to underperform the S&P 500 (SNPINDEX: ^GSPC).
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.