Should You Forget SpaceX Stock?

SpaceX-related IPO concerns are driving disappointment among some investors, after the stock fell 15% from its June initial public offering price and is more than 30% below its post-IPO peak. The piece says the decline fits a pattern seen in many major technology IPOs over the past three decades, where hype often fails to sustain early valuations. It cites Edward Jones data indicating that between 2011 and 2020, the average newly listed technology stock was down 14% from its IPO price just six months later, using examples including Meta, Peloton, Snap and Twitter/X. The article also notes lockups could limit immediate selling pressure. For longer-term context, it references Nasdaq Economic Research suggesting that firms with more than $100 million in annual revenue typically keep pace with broad market gains on average over a period up to three years, though nearly two-thirds remain in the red. The conclusion warns against expecting a quick bottom immediately.