Retail investors faced significant disappointment during the SpaceX IPO, with many receiving only a small fraction of their requested shares. For instance, Marvin Jung, who sought 1,000 shares, ended up with just 17 and chose to sell at $160, citing concerns about the stock's stability. SpaceX shares initially surged 19% to around $161, raising the company's market value above $2 trillion.
Other investors, like Ross Cameron, received 147 shares after requesting over 4,000 and plan to hold unless prices drop below $150. The intense demand for the IPO was noted by brokerage firms, with SoFi calling it their largest offering ever. However, many investors are wary of the stock's high valuation and anticipate selling pressure once lockup restrictions expire.
This mixed sentiment among investors reflects the difficulty in assessing the long-term potential of SpaceX, especially as some view it as a unique opportunity tied to the growth of commercial space exploration, while others are cautious about its current valuation