Business
SpaceX IPO Fever Meets Market Reality: Most Blockbuster Listings Fail to Beat the S&P 500
Wall Street is buzzing over SpaceX's record-breaking IPO, but a Reuters analysis of the 50 largest IPOs from the past five years reveals that investors would have been better off buying an S&P 500 index fund roughly 75% of the time. High valuations like SpaceX's near 100 price-to-sales ratio historically lead to disappointing returns, underscoring the challenge of finding bargains after a company's pre-IPO hype.