SpaceX IPO mirrors Snowflake’s hype-driven debut, raising caution for momentum chasers

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โดย The Motley Fool·Read original
Summary · why it matters

SpaceX’s recent IPO has drawn comparisons to Snowflake’s 2020 debut, as both stocks saw sharp initial gains followed by volatility. SpaceX shares opened at $150 after pricing at $135, surged to a peak of $226, and have since pulled back to around $162. Snowflake priced at $120, opened at $245, and reached an all-time high of $402 in November 2021 before declining to about $260, leaving early buyers with flat returns over nearly six years. The pattern of hype-driven pops and subsequent consolidation suggests SpaceX investors who chased momentum could face similar disappointment if enthusiasm cools.

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