SpaceX IPO: The Last Time a Company This Big Went Public, Here's What Happened to Investors 1 Year Later

SpaceX completed the largest IPO in history, with shares opening at $150 (priced at $135) and reaching a peak of $226 before pulling back to $162. The article draws parallels to Snowflake's 2020 IPO, which also experienced dramatic first-day gains but delivered flat returns after nearly six years. The author warns that SpaceX's hype-driven momentum could lead to similar disappointment for early investors if valuations revert to more reasonable levels.