From $135 to $154: Tracking SpaceX's Stock Volatility in Its First Weeks as a Public Company
Yahoo Finance ·
Space Exploration Technologies ( SPCX +0.15% ) , also known as SpaceX, went public on June 12, and it has taken early investors on a roller-coaster ride. Depending on when you got in, you could be sitting on solid gains or a hefty loss. Successful investing is a long-term endeavor, so it's important not to overreact to what happens over a week, month, or even a year. Ideally, you should plan to hold stocks you buy for at least five years. That said, SpaceX has become one of the largest public companies in the world , so now's a good time to see how it has done over its first few weeks on the market. The SpaceX IPO was priced at $135. For anyone who didn't get IPO shares, it opened at $150 on June 12. It trades at $154 as of June 24. But that modest gain is the result of a wild round trip. SpaceX lived up to the hype over its first three trading days, peaking at about $226 on June 16, a 50% increase from its first-day open. It was even the world's fourth-largest company at one point, ahead of Amazon and Microsoft .
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