SpaceX Achieves Historic Largest IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: NASDAQ.COM
- IPO Market Performance: SpaceX's initial public offering (IPO) has become the largest in history, with a first-day valuation exceeding $2 trillion, placing it among the top ten publicly traded companies in the U.S., although there remains uncertainty about its long-term performance.
- Historical Performance Analysis: According to FactSet Research, eight out of the top ten U.S. IPOs have significantly underperformed the S&P 500, with a median shortfall of 127 percentage points, highlighting the potential risks associated with large IPOs.
- Investment Strategy Recommendation: While SpaceX's IPO has generated investor excitement, historical data suggests that holding an S&P 500 ETF typically yields better returns than investing directly in large IPOs, with the S&P 500 achieving nearly 800% total returns over the past 20 years.
- Market Selection Considerations: Investors should be aware of the strict requirements for inclusion in the S&P 500 index, including a minimum trading history of 12 months and profitability screens, which means IPOs like SpaceX will not be included in the index in the short term.
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Analyst Views on FDS
Wall Street analysts forecast FDS stock price to rise
12 Analyst Rating
1 Buy
7 Hold
4 Sell
Hold
Current: 228.300
Low
253.00
Averages
295.91
High
326.00
Current: 228.300
Low
253.00
Averages
295.91
High
326.00
About FDS
FactSet Research Systems Inc. is a global financial digital platform and enterprise solutions provider. The Company's solutions deliver financial data, analytics, and open technology to global clients, including individual users. Its segments include the Americas, EMEA and Asia Pacific. It provides financial data and market intelligence on securities, companies, industries and people to enable its clients to research investment ideas and analyze, monitor and manage their portfolios. It supports various workflows, including investment research, quantitative research, portfolio management and trading, portfolio analytics, wealth management, ESG investing solutions, industry analysis and data solutions. It provides open and flexible technology offerings, including a configurable desktop and mobile platform, and comprehensive data feeds. Its technology also includes LogoIntern, a workflow tool to streamline the task of adding, organizing, and formatting logos into pitch decks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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