Should You Buy SpaceX Stock Below $135 Per Share? Here's What History Says.

SpaceX (SPCX) has fallen from its IPO pop of ~19% above the $135 offering price to around $131, near its IPO price, raising questions about whether it's a buy. Historical data shows big tech IPOs with sales over $100M have averaged 82.5% three-year returns, but SpaceX's price-to-sales ratio above 90 is an outlier — IPOs with P/S above 40 have averaged just 3.1% returns over three years.

Why it matters: SpaceX is unlike any IPO in history: the largest ever at $85B raised, ~$1.75T valuation, and only ~5% of shares offered publicly, meaning massive lockup sell pressure could weigh on the stock over the next six months.