If You Think the SpaceX IPO Was a Disappointment, You’re Ignoring All of the Numbers

The IPO market has spent the last several years trying to regain its footing. Many high-profile offerings stumbled out of the gate, while others were delayed as companies waited for better market conditions. That made the debut of SpaceX (SPCX) all the more important.

As the largest IPO in history, the Elon Musk-led space and satellite giant was expected to test just how much appetite investors still had for blockbuster public offerings. By most traditional measures, the answer was clear: plenty.