RT YCharts
With SpaceX ( $SPCX ) making headlines, it’s tempting to chase the big IPO, but the data tells a very different story...
Key Takeaway:
While the Renaissance IPO ETF has been in a drawdown since 2021, the Nasdaq 100 and S&P 500 have continued setting new all-time highs.
On an individual basis, the average 3-year annualized total return of IPOs since 1980 is 6%, just half that of the total US stock market index.
Our newest slide deck, “2026 Mid Year Market Outlook”, in collaboration with @charliebilello is officially live!
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YCharts: SpaceX ( $SPCX ) is now the 6th largest company in the world...
The stock gained over $350 billion in market cap today, that's worth more than Coca-Cola ( $KO ) 😲
The author warns against chasing the hype surrounding the SpaceX (SPCX) IPO, using historical data to demonstrate that newly public companies typically underperform the broader market.
The author explicitly cautions against chasing the SPCX IPO, citing historical underperformance of newly public stocks. This skeptical view on the stock's immediate upside aligns with the recent 4.95% pullback in its share price, despite the broader news sentiment remaining somewhat bullish regarding its massive valuation.
行情 $191.82 ▼4.9455%
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情绪 Somewhat-Bullish背离
关键要点
Despite SpaceX's massive market cap surge, historical data suggests caution when investing in recent IPOs.
The Renaissance IPO ETF has remained in a drawdown since 2021, contrasting with the Nasdaq 100 and S&P 500 which have reached new all-time highs.
Since 1980, the average 3-year annualized total return for individual IPOs is only 6%, which is half the return of the total US stock market index.
