Founder and CEO Elon Musk doesn't have nearly as many friendly supporters now as he did when he was first building Tesla.
On Friday, **** eX (NASDAQ: SPCX) finally completed its well-ballyhooed initial public offering (IPO). You probably weren't one of the lucky few retail investors selected for the initial direct placement of the roughly 20% of these shares specifically earmarked for this crowd. But if you haven't yet, you can always buy it in the open market at the current price.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Before you do so, there are four things you'll want to consider about this company -- and its stock, and its CEO -- that might change your mind.
Veteran investors know all too well that modern-day initial public offerings are typically overhyped. They've seen it plenty of times, in fact, with companies like Meta Platforms (then called Facebook), Alibaba Group Holding, Groupon, and GoPro when it went public back in 2014. All four of these stocks surged well above the IPO price immediately after they went public, with investors clamoring to participate in what were perceived as brilliant business ideas. In all four cases, these tickers eventually fell below their initial offering price. And in two of these cases -- GoPro and Groupon -- the stocks are still in the red.
On Friday, **** eX (NASDAQ: SPCX) finally completed its well-ballyhooed initial public offering (IPO). You probably weren't one of the lucky few retail investors selected for the initial direct placement of the roughly 20% of these shares specifically earmarked for this crowd. But if you haven't yet, you can always buy it in the open market at the current price.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Before you do so, there are four things you'll want to consider about this company -- and its stock, and its CEO -- that might change your mind.
Veteran investors know all too well that modern-day initial public offerings are typically overhyped. They've seen it plenty of times, in fact, with companies like Meta Platforms (then called Facebook), Alibaba Group Holding, Groupon, and GoPro when it went public back in 2014. All four of these stocks surged well above the IPO price immediately after they went public, with investors clamoring to participate in what were perceived as brilliant business ideas. In all four cases, these tickers eventually fell below their initial offering price. And in two of these cases -- GoPro and Groupon -- the stocks are still in the red.
4 months ago
