The comparisons are inevitable. As Space Exploration Technologies Corp (NASDAQ:SPCX), aka SpaceX, begins trading, some investors are pointing to Meta Platforms, Inc‘s (NASDAQ:META) rocky public debut as a cautionary tale for one of the most anticipated IPOs in years.
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, thinks they’re looking at the wrong playbook.
Meta IPO Comparison
“I know many people are drawing comparisons to Meta, which was a flop of an IPO,” Tengler said, noting that the stock fell sharply after its 2012 debut and finished the year well below its offering price.
While she understands concerns that SpaceX may be entering the market at a lofty valuation, Tengler argues that traditional metrics may not be the right lens through which to evaluate the company.
