SpaceX is preparing for what could be the biggest IPO in history at a $2 trillion valuation raising $75 billion. But before you rush to buy in, we looked at every major headline IPO (Meta, Snapchat, Uber, Lyft, Coinbase, Rivian, and more) to see what history actually tells us about chasing IPO hype. Spoiler: patience almost always wins. The views expressed herein are those of the author and do not necessarily reflect the views of Steward Partners or its affiliates. All opinions are subject to change without notice. Neither the information provided, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. All investing involves risk, including the potential loss of principal. Past performance is not indicative of future results. Please consult with a qualified financial, legal, or tax professional before making any financial decisions. Steward Partners, its affiliates, and its Wealth Advisors do not provide tax advice. This content is for informational and educational purposes only and should not be considered investment advice, nor a recommendation to buy, sell, or hold any specific security, including SpaceX or any other company referenced. All historical performance figures cited are based on publicly available data as of June 2026 and have not been independently verified. Investing in initial public offerings involves substantial risk, including the potential loss of principal. Newly public companies typically have limited operating history as public entities, may experience significant price volatility, and may be subject to lockup expirations and other dynamics that can adversely affect share prices. Statements regarding SpaceX's anticipated IPO terms, valuation, structure, or timing reflect information reported from public news sources through June 2026. Final offering terms are subject to change and will be set by the underwriters at pricing. Returns are calculated from the initial public offering price (or reference price in the case of direct listings) and do not reflect transaction costs, taxes, or the reinvestment of dividends, which may cause returns to be lower, results will vary. For index definitions, click here: https://www.stewardpartners.com/Common-Index-Definitions.2.htm Investment advisory services are offered through Steward Partners Investment advisory LLC (“SPIA”), an SEC-registered investment adviser. SPIA and Steward Partners Global Advisory, LLC are affiliates and collectively referred to as Steward Partners.

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