For investors who were able to land SpaceX IPO shares — or buy the stock as it began trading — the opening day and successive trading sessions were a thrill ride.
SpaceX stock (SPCX) opened at $150 and climbed past $160. Another near-20% gain the following Monday saw Elon Musk’s spaceflight, satellite communications, and AI company achieve a high orbit of $192.50. By its third trading day, SpaceX surpassed Amazon to become the fifth-largest publicly traded company by market value.
To the moon, right?
Yet, as any savvy investor knows, things can get ugly fast. As the saying goes, hope for the best but prepare for the worst.
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