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Apr 4, 2026 10:16 PM

SpaceX IPO Would Test A Brutal Truth: Most IPOs Since 2021 Destroyed Value

If SpaceX goes public, it won't just be the most anticipated IPO in years, it will walk straight into a market still haunted by the class of 2021. Because the last time IPOs boomed, they didn't just disappoint. They destroyed value at scale.

For Elon Musk, SpaceX could become the ultimate test of whether blockbuster IPOs can still deliver, or just repeat 2021's mistakes.

The IPO Graveyard

As reported by The Information, many of the companies that went public during the 2021 frenzy have since collapsed.

Allbirds, Inc. (NASDAQ:BIRD), once valued at $2.2 billion, is now being sold for just $39 million. BuzzFeed, Inc. (NASDAQ:BZFD) has seen its market cap shrink to ...