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Jesse Felder
jessefelder.com
did:plc:lzcoujf7r7lgjvx2yrmpvxlc
'The average post-IPO stock returned 20% less than the broader market over the 3 years after its first trading day. Firms valued at over 40x revenue underperformed by 58%. SpaceX, with a valuation of $1.75trn, would begin trading at over 90 times its revenue.' https://www.economist.com/finance-and-economics/2026/06/01/can-the-stockmarket-swallow-anthropic-spacex-and-openai?utm_content=ed-picks-image-link-1&etear=nl_today_1&utm_campaign=r.the-economist-today&utm_medium=email.internal-newsletter.np&utm_source=salesforce-marketing-cloud&utm_term=6/1/2026&utm_id=2191250
2026-06-01T20:54:31.072Z