SpaceX's stock has experienced volatility since its IPO, currently trading below its initial price of $150, with analysts predicting modest gains of around 4% over the next year based on historical IPO data. The company's significant investments in risky technologies and its current unprofitability raise concerns about its future performance, suggesting that investors may want to monitor its progress before making commitments.
The most valuable insight for you as an investor is that historically, large IPOs like SpaceX tend to yield modest returns, averaging just around 4% in their first year. Given SpaceX's high volatility and significant investments in unproven technologies, it might be prudent to observe the company's progress from a distance for at least a year before considering an investment, as it is currently unprofitable and heavily spending on ambitious projects.