SpaceX (NASDAQ: SPCX) has gone on a wild ride since its IPO on June 12. The aerospace and AI company went public at $135 per share, closed at a record high of $211.39 on June 16, but now trades at $145. Let's see why it fizzled out -- and if it's worth buying below its IPO price. SpaceX initially attracted a lot of attention because Elon Musk founded it, it was growing rapidly, and it had an early mover advantage in the space logistics, satellite, and AI markets. It capitalized on that hype by offering less than 5% of its shares in its IPO. It allocated about a fifth of those shares to retail investors rather than institutional investors. Image source: Getty Images.
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