$5,000 invested in SpaceX stock at IPO is now worth

In the first days after the initial public offering (IPO), SpaceX (NASDAQ: SPCX) stock appeared like an instant winner as it soared 67% from the original $135 price, 50% from the June 12 open at $150, and 38.47% from the day’s close at $162.95.

Despite the initial SPCX shares’ performance that appeared to fly as high as SpaceX rockets, the equity reversed just as rapidly after hitting the all-time high (ATH) of $225.64 on June 16 and even, in subsequent weeks, briefly fell below the day-one range. On July 2, Elon Musk’s newer public company closed at $162 – a 28% drop from the ATH despite the week’s recovery – and by press time on July 3, it is at $160.

95 following a 0.65% extended-session drop. SpaceX stock price chart.

Source: Google Still, while the gains would have significantly diminished relative to mid-June, a $5,000 investment made at the SpaceX IPO price of $135 would have still grown to a $6,000 position for $1,000 in profits by the Thursday evening bell. Making a purchase of the same size on the morning of June 12 would have led to somewhat smaller $400 gains and holdings worth $5,400. However, buying shares of SPCX on the evening of the IPO day would have yielded a $29 unrealized loss as the investment dropped to $4,971.

Traders unfortunate enough to buy $5,000 worth of SpaceX stock close to the ATH would have lost $1,410. Looking ahead, the future of SpaceX appears significantly more uncertain at the beginning of July, even in the short term, than it did as recently as the June 12 SPCX IPO. Analysts predict SpaceX stock price in the next 12 months For example, the top-level view provided by rating aggregators such as TipRanks shows that Wall Street experts lack the confidence needed for a “Strong Buy’ average rating.

Indeed, out of the nine recommendations showcased on the platform, one views shares of SPCX as a ‘Sell,’ and there is an equal split between ‘Buy’ and ‘Hold’ ratings. Still, the balance is slightly skewed toward bullish, with the average 12