Space Technology

What History Says About Buying Broken IPOs

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By system
July 22, 2026 • 165 views
Original source: Biztoc.com
What History Says About Buying Broken IPOs

Space Exploration Technologies Corp (SPCX) -- or SpaceX -- is now what Wall Street calls a "broken IPO," meaning a stock trading below its IPO price. The company was valued at $135 in the largest IPO in history. The stock's first trade on June 12 was $150, an…

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