TSX:PSLV.UN 2 January 2026

June 30, 2026, 6:12 AM EDT. SpaceX's $85.7 billion IPO opened strong, shares climbing 7.18% out of the gate. Big IPOs like Saudi Aramco and Alibaba have a mixed track record in their first year, many stumbling after the opening pop. Data shows high-profile debuts tend to slip more after listing. Research says most IPOs jump on day one but lag other stocks over the next 1-5 years, though large names feel that less. One recent study pegs major IPOs with a 9% average loss over their first twelve months. Companies now delay going public, so much of SpaceX's value-$2.2 trillion-is already built in, hinting gains from here could come slower, even if profits arrive.