Maplebear Inc.Impact on stocks 8
Maplebear Inc.
Snowflake Inc.
Airbnb Inc
Nasdaq Inc
Palantir Technologies Inc.
Tesla IncSpaceX shares have fallen about 31% from their first-day closing price of $160.95, trading at a record low and serving as a stark reminder of post-IPO volatility. Creative Planning data shows that over the past 15 years, the average one-year decline from the first-day close for major IPOs has been 52%, with only Palantir, Airbnb, Arm Holdings, Snowflake, and Maplebear posting positive returns. The stock debuted on the Nasdaq on June 12, opening at $150 per share and climbing to close at $160.95 amid heavy demand, but has since been pressured by the lack of a timeline for a speculated SpaceX-Tesla merger and concerns over upcoming insider sales. Restrictions on 911.5 million shares held by employees and early investors will begin to lift after the company's first quarterly report, expected on August 4. Nancy Tengler of Laffer Tengler Investment views the pullback as a buying opportunity for long-term investors, but the near-term outlook remains bearish as the market braces for potential insider selling.
Maplebear Inc.
Snowflake Inc.
Airbnb Inc
Nasdaq Inc
Palantir Technologies Inc.
Tesla Inc