SpaceX goes public Friday at ~94x revenue. Across 45 years of data, IPOs that debut above 40x sales underperform the market by 58% over the …
SpaceX goes public Friday at ~94x revenue. Across 45 years of data, IPOs that debut above 40x sales underperform the market by 58% over the next 3 years, and by 76% style-adjusted. The golden rule of