Space Exploration Technologies Corp's initial public offering has surged more than 50% from its $135 IPO price, with first-day buyers up between 20% and 40%. Analysts are drawing comparisons to other high-profile IPOs, including Alibaba, which ended its first year flat from its IPO price, and Meta Platforms, which fell about 30% in its debut year before gaining nearly 1,500% over the long term. Tesla, another Elon Musk venture, rose over 50% in its first year and has since returned more than 35,000% from its IPO. Rivian Automotive, by contrast, dropped over 60% in its first year and currently trades about 80% below its IPO price, while Visa gained over 20% from its IPO price despite launching during the 2008 financial crisis.
Alibaba Group Holding Ltd
Astera Labs, Inc.
Rivian Automotive Inc
Tesla Inc
Meta Platforms Inc.
Visa Inc. Class A