> SpaceX makes history as one of the worst IPOs in years

It's official!

Just over a month since its historic initial public offering, SpaceX has delivered one of the weakest post-debut performances of any major U.S. listing since the end of the Great Recession.

A Barron’s analysis found that the stock has performed worse than 90% of other U.S. IPOs with market capitalizations of $1 billion or more since July, 2009.

Over the first 27 trading days, SpaceX was down 23% from its first day closing price of $161. Across 955 public offerings, the typical IPO returned 0.8% over the equivalent period.

On Tuesday, SpaceX broke a seven-day losing streak in which the shares fell 21%, gaining 3.1% to $123.54 by market close.

SpaceX IPO price was $135, but it is now trading below that price. The IPO was made available to large numbers of retail investors, unlike the typical IPO that is largely only available to institutional investors or those with large brokerage accounts.

https://www.msn.com/en-us/money/top-sto … &ei=12