SpaceX begins trading on the Nasdaq on Friday after completing what multiple outlets describe as the record IPO, with the company opening at $150 per share under the ticker SPCX. The stock starts above its $135 offering price, with reported opening gains of about 11%. Several sources say the shares rise further in early trading, reaching ranges that include about $162 shortly after the first trade and intraday highs reported around $168.75, with overall early-move figures varying by outlet (roughly 11% to as high as around 31% at one point). CNBC and Bloomberg describe the launch as pushing SpaceX’s market valuation above $2 trillion, and at least one Bloomberg segment links the move to Elon Musk becoming the world’s first trillionaire. NDTV similarly reports additional upside shortly after trading starts and references a valuation near $2 trillion. Mint adds that the issue price was $135 and the debut price implies a valuation around $1.96 trillion, and it describes alternative ways retail investors can gain exposure without buying the stock directly. Across sources, the common points are the record IPO, the Nasdaq opening at $150, premiums over the IPO price, and a valuation above $2 trillion in early trading.
SpaceX Begins Nasdaq Trading After Record IPO, Shares Rise Above IPO Price
SpaceX begins trading on the Nasdaq on Friday after completing what multiple outlets describe as the record IPO, with the company opening at $150 per share under the ticker SPCX. The stock starts abov...
- SpaceX starts trading on the Nasdaq on Friday under ticker SPCX.
- Shares open at $150, about 11% above the $135 IPO offering price.
- In early trading, shares climb further, with reported moves up to roughly $162 and highs around $168.75.
- Multiple outlets say the IPO is the largest in history and that SpaceX’s valuation surpasses $2 trillion in early trading.
- Several reports attribute the share-price surge to making Elon Musk a first-time $1 trillion figure.
SpaceX debuted on Nasdaq at $150, an 11% premium over its $135 issue price, valuing it at approximately $1.96 trillion. Here's how you can invest in the company if you couldn't invest in the IPO.
11 hours agoBloomberg's Anthony Hughes give his first reaction to the start of trading for SpaceX, as the space technology company smashed record to become the largest IPO in history. Shares extended in the first trades following the historic IPO and made founder Elon Musk the world's first trillionaire. (Source: Bloomberg)
11 hours agoGet a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." SpaceX explodes out of the gate, opening 11% above its IPO price after raising $75 billion and instantly making Elon Musk the world's first trillionaire. Max Chafkin and Ed Ludlow break down Musk's growing grip on SpaceX, Tesla merger speculation, and what's next for investors. Plus, Interstellar Lab's Barbara Belvisi on how space farming technology could help humans live on the Moon and Mars. (Source: Bloomberg)
11 hours agoAfter months of waiting, SpaceX is now a public company. The stock climbed 31% above its offering price at at one point on the Nasdaq. Bloomberg's Yahaira Anand was there for opening bell and has more. (Source: Bloomberg)
12 hours agoSpaceX went public Friday, with shares trading at just above $150 in a hotly anticipated initial public offering that values Elon Musk's rocket and AI company at $2 trillion.
13 hours agoSpaceX is now trading. The stock sold for $150 in its opening trade on Nasdaq at 11:46 a.m. in New York, 11% above its $135 offering price, and climbed as high as $168.75 in the first few minutes. Ed Ludlow and Caroline Hyde report. (Source: Bloomberg)
13 hours agoSpaceX IPO values Elon Musk over $1 trillion, after record $75 billion offering
Elon Musk becomes, at least on paper, the world’s first trillionaire after SpaceX’s initial public offering (IPO) prices...
Advice varies on whether to pay off credit cards, loans or mortgages first
Multiple Australian outlets run the same guidance piece addressing how to choose an order for paying down different type...
Premium lifestyle suburbs in Melbourne show resilience despite softer housing market
Multiple outlets report that while Melbourne’s broader housing market has softened, several “blue-chip” suburbs are perf...