Key Points Elon Musk has near-total control of Space Exploration Technologies' future. The SpaceX chief is eligible to sell his entire stake in 2027 when his lockup ends. 10 stocks we like better than Space Exploration Technologies › Research has consistently shown that IPO stocks have performed well on their first day of trading. From 1980 through 2024, roughly 9,000 companies went public via an initial public offering. The average first-day return was 18.9%. Notably, however, the average three-year return for these IPO stocks totaled just 19.1%. The market's average three-year return over the same time period was closer to 40% . So while IPO stocks typically perform well at first, they often underperform in the years that follow.
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