Retail Investors in SpaceX IPO Underwater After Record First-Week Buying

Retail investors who purchased SpaceX ($SPCX) shares during its initial public offering are now facing losses. According to data, net retail buying reached $405 million in the first five trading days—the largest first-week retail inflow for any IPO on record.

The sharp reversal underscores the risks of chasing high-profile IPOs, particularly amid elevated valuations and strong retail enthusiasm. The heavy early buying has left many participants underwater as the stock pulled back.