SpaceX's Stock Sits Below Its June IPO Open. Is That a Warning Sign for Anthropic?

Anthropic's upcoming IPO filing has generated investor interest, but SpaceX's post-IPO performance offers a cautionary tale. SpaceX opened at $150 in June 2026 but has since fallen below that price despite initial surges. The article warns that IPO stocks typically underperform in their first year due to lock-up expirations, heavy capital expenditures, and the tendency for companies to go public during bull markets when valuations are inflated, leaving early investors exposed to downside risk.