SpaceX IPO’s $1.77T Debut: Why History Says Day 1 Buyers Often Lose
SpaceX’s record $75 billion IPO on June 12 gives it a $1.77 trillion market cap, but historical patterns of mega-IPO day-one pops and post-offer underperformance demand caution. With only a 4% float, lockup overhangs, and a long road to S&P 500 inclusion, retail investors should weigh the asymmetrical odds before chasing the opening trade.