SpaceX closed at $145.3 on the 10th (local time), marking its first month of trading 8% above its IPO price of $135 but 36% below the intraday high of $225.64 recorded on the 16th of last month. The decline left 100% of SpaceX-holding customers at NH Investment & Securities in loss territory as of the 9th, with an average return of -15%. The first-month performance mirrors early struggles experienced by several Magnificent Seven (M7) tech companies during their IPOs, with Meta falling 17% one month post-listing in 2012 and Amazon rising only 6%, though NVIDIA, Apple, Google, Microsoft, and Tesla posted stronger initial gains ranging from 20% to 75%.
M7 Companies Showed Mixed First-Month IPO Performance
SpaceX's 8% first-month gain ranks in the middle range compared to M7 IPO performances. Meta experienced a 17% decline one month after its 2012 listing, while Amazon's stock rose 6% in its first month — lower than SpaceX's performance. NVIDIA led with a 75% first-month gain, followed by Apple at 44%, Google (now Alphabet) at 38%, Microsoft at 37%, and Tesla at 20%.
Tesla IPO in 2010 Followed Similar Pattern Before Reversal
Tesla went public in 2010 with approximately 1,000 electric vehicles sold to customers and an unclear path to profitability. The stock declined daily after its first-day peak. In November 2010, investor sentiment reversed after CEO Elon Musk announced the Model S would launch as scheduled in 2012, despite second-quarter earnings missing expectations. Tesla stock currently trades at 360 times its IPO price.
Musk Projects SpaceX Value Could Exceed Rest of Earth Combined
Musk stated on social media platform X on the 9th: "If we achieve our goals, SpaceX's value will be greater than the rest of the planet combined." The stock faces upcoming volatility from lockup expiration in August, Q2 earnings release, and Musk's public statements.
FAQ
What was SpaceX's stock performance in its first month of trading?
SpaceX closed at $145.3 on the 10th (local time), 8% above its IPO price of $135 but 36% below its intraday high of $225.64 recorded on the 16th of last month. As of the 9th, 100% of SpaceX-holding customers at NH Investment & Securities were in loss territory with an average return of -15%.
How did SpaceX's first-month performance compare to other M7 companies' IPOs?
SpaceX's 8% first-month gain exceeded Meta's 17% decline in 2012 and Amazon's 6% rise, but fell short of NVIDIA (75%), Apple (44%), Google (38%), Microsoft (37%), and Tesla (20%). Tesla's 2010 IPO showed similar early volatility before reversing in November 2010 when Musk confirmed the Model S launch timeline.
What did Elon Musk say about SpaceX's future value on the 9th?
Musk stated on social media platform X on the 9th: "If we achieve our goals, SpaceX's value will be greater than the rest of the planet combined." The article notes upcoming stock volatility from lockup expiration in August, Q2 earnings, and Musk's public statements.
