The SpaceX IPO Was Fine. The Wrapper Funds Were Not.

SpaceX's IPO went off without a hitch. The company raised $75 billion, debuted on the Nasdaq, then immediately gapped up nearly 20 percent to close its first day at $160.95. Over the last few sessions the stock has pushed to roughly $193. On a strictly "did the company list successfully" basis, there isn't much to complain about.