**SpaceX Plans Major IPO with $1.75 Trillion Valuation**
SpaceX, led by Elon Musk, is targeting a $1.75 trillion valuation for its upcoming initial public offering (IPO), which would mark the largest IPO in U.S. history. The company filed its IPO paperwork with the Securities and Exchange Commission last month and plans to commence its roadshow on June 8, 2023. While no specific date for trading has been set, shares are anticipated to start trading in late June or early July.
Historical data indicates that large IPOs often underperform in their first year. Notably, the top 10 U.S. IPOs have seen a median decline of 31% during their first year on the market, with seven of these underperforming the S&P 500 since their debuts. Investors considering SpaceX should remain cautious, as the patterns suggest potential short-term declines.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
