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Posted June 15, 2026 at 9:30 am
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SpaceX (SPCX) pulled off the biggest IPO in history on Friday. If the past two decades are any guide, the hard part starts now.
The debut had everything. SpaceX priced at $135 a share, opened at $150, ran all the way to $176, then gave a chunk of it back to close near $161.
Up about 19% on the day, instantly one of the largest companies in the world, and a wild ride to get there.
The size is staggering. But the size is not the interesting part.
The interesting part is history, because we have seen debuts like this before, and the pattern they share is worth knowing before you do anything.
The biggest IPOs of the last twenty years almost never moved in a straight line.
They arrived to enormous fanfare, traded under pressure early, and only found their footing much later. Some eventually reclaimed and even blew past their IPO highs. Getting there was rarely smooth.
When Facebook went public in 2012, it closed its first day barely above the offering price, then fell more than 50% over the following months before it turned around.
Coinbase, Robinhood, and Rivian all came public to huge excitement and then spent their first year well underwater, each cut by more than half from its debut.
Uber is the clearest example of the whole arc.
It went public in 2019 at a roughly $75 billion valuation and immediately logged the largest first-day dollar loss in IPO history.
The stock slid for months, bottomed near $15 during the 2020 crash, and looked to many like a broken company. Years later, after turning its first full year of profit and joining the S&P 500, it climbed past $100. Same company, wildly different outcomes depending on when you showed up.
None of this means SpaceX has to follow that path, or that it is destined to trade lower from here.
The point is narrower and more useful than a prediction. IPOs of this magnitude rarely move cleanly.
Early price discovery, the market’s first attempt to figure out what a brand-new stock is worth, tends to be wide, emotional, and unstable, and the real story usually takes far longer to emerge than the first few sessions suggest.
That is exactly why this one is worth watching closely rather than betting on. The most significant listing in modern market history is now an open question, and it will answer itself one session at a time, not in an afternoon.
The real money in a moment like this isn’t made by buying the famous name at the open.
It’s made positioning for where that wall of IPO cash lands next.
That’s what Steve Strazza’s Big Money Trade is built for: small, defined-risk bets with outsized upside.
He’s sent 373 since 2024. 208 doubled, 36 went 10X, one hit 6,341% at its peak.
Free training, Wednesday, June 17 at 4:30 PM ET.Â
Seats fill fast.
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Originally posted 15th June 2026
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