SpaceX Post-Listing Collapse Threatens IPO Market’s AI Euphoria

SpaceX Post-Listing Collapse Threatens IPO Market’s AI Euphoria SpaceX’s fall from its post-listing peak to below its IPO price in just a month poured cold water on the market for newly public companies, dragging a key gauge of this year’s debuts down with it. The pullback across stocks linked to themes such as artificial intelligence infrastructure and aerospace and defense — two of the hottest sectors for newly-public companies — depressed the weighted average return for this year’s US initial public offerings to 6%, lagging the S&P 500 Index’s 11% return, data compiled by Bloomberg through July 15 show.