SpaceX IPO Raises $85.7 Billion
Space Exploration Technologies Corp. (NASDAQ: SPCX) completed its IPO in June 2023, raising approximately $85.7 billion, marking the largest IPO in history. The stock opened at $150, seeing an initial surge of 11% from the offering price of $135, and reached a high of over $225 shortly thereafter before stabilizing around $150 as of August 17.
Historical analyses of tech IPOs show that, within the first year, stocks typically see significant declines. For instance, the median maximum decline among major tech IPOs over the past 15 years was 54%. Predictions suggest SpaceX stock could range between $100 and $170 in the next 12 months, depending on market conditions and performance.
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