SpaceX IPO: Go/No-Go?

Everyone wants SpaceX shares. The phones haven't stopped.

So, we did what we always do: we looked at the data first.

What is SpaceX actually selling? Three businesses. One is wildly profitable. One is losing money. One is a $6.4 billion annual cash furnace that every major AI company is running right now. The $1.75 trillion price tag wraps all three together and asks you to believe in a future that doesn't fully exist (yet).

We also dug into what IPO history actually tells us. Dr. Jay Ritter at the University of Florida has tracked IPO performance for decades. The pattern is remarkably consistent: big pop on Day 1, meaningful underperformance for the next three years. Cerebras went public two weeks ago at $185, opened at $350, and is already trading at $233. The largest IPO in history will not be immune to that dynamic.

And then there's the macro question nobody's fully answering: three IPOs — SpaceX, OpenAI, Anthropic — targeting nearly $200 billion in combined raises over the next five months. The entire U.S. IPO market raised $45 billion in all of 2025. That money has to come from somewhere.

Read more here: https://insightwealthgroup.com/the-weekly-insight-spacex-ipo-go-no-go/