December 27, 2012 at 15:50 PM EST
Next Year, We May Be Investing in a Mission to Mars
MINYANVILLE ORIGINAL Elon Musk has a history of successful first days for IPOs. On December 14 SolarCity (NASDAQ:SCTY) a purveyor of solar power devices and services saw its stock price jump 47% from $8.00 to $11.79 on its first day of trading. (At the time of this writing the stock is down from that level to $10.58). Musk is a major shareholder. In 2010 the electric vehicle company Tesla Motors (NASDAQ:TSLA) of which Musk is a co-founder saw its stock price increase 41% on the first day of trading. Moreover Musk founded PayPal and sold it to eBay (NASDAQ:EBAY) for $1.3 billion in ...
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