Key Points Space Exploration Technologies' valuation has been on a roller coaster ride, plummeting by more than $1 trillion during its brief time as a public traded company before partially recovering. History shows that IPO returns average just 3.5% over the first 12 months. Investors may want to wait for the IPO dust to settle before buying Anthropic stock. These 10 stocks could mint the next wave of millionaires › The Space Exploration Technologies (NASDAQ: SPCX) IPO was one of the most highly anticipated public offerings in years. Within a few days of going public, SpaceX had a valuation of $2.7 trillion after raising nearly $86 billion in funding. Then things started going sideways.
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