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Live Coverage Has Ended

Rocket Man

Photo of Gerelyn Terzo
By Gerelyn Terzo Published

Quick Read

  • SpaceX's $135/share Nasdaq debut raises $75B, eclipsing Alibaba's 2014 record and poised to make Elon Musk the world's first trillionaire.

  • Citi upgraded AMD to 'buy' with a $575 price target, while Adobe tumbles 8.5% after earnings and a CFO departure.

  • A reported Iran-U.S. peace deal that could reopen the Strait of Hormuz is pulling both WTI and Brent crude below $90/barrel.

  • It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)

Live Blog Update #1 Published

← Back to Full Coverage: Live Nasdaq Composite: Markets Hold Breath on Mideast Deal, SpaceX IPO Launch

SpaceX’s (NASDAQ:SPCX) Nasdaq debut is living up to the hype before a single share has changed hands publicly. The IPO reportedly drew more than $250 billion in institutional orders, a staggering figure that underscores the demand surrounding what is set to become the largest public offering in history. Elon Musk rang the opening bell at the Nasdaq this morning, with the stock scheduled to be released for quotation at 9:50 AM ET, a moment investors across the market have been counting down to all week. SpaceX stock is reportedly indicated 25% above its opening bid.

All Updates from Live Coverage

SpaceX Soars

| Gerelyn Terzo
Live

SpaceX (NASDAQ:SPCX) wasted no time making its presence felt on the public markets, surging nearly 20% out of the gate to claim the title of the world’s seventh-largest public company at a $2.114 trillion market cap, already ahead of Broadcom, Saudi Aramco, and Tesla. The trading volume has been just as staggering as the price action. Within the first 15 minutes alone, more than 160 million shares changed hands, representing roughly $26 billion in value, or about $1.7 billion per minute, a pace that places SpaceX’s debut among the most frenzied openings in market history.

SpaceX Pricing

| Gerelyn Terzo
Live

As investors wait with bated breath for the opening trade, SpaceX (NASDAQ:SPCX) shares are now indicated to open at $160, below earlier indications of $170 but well above the original IPO price of $135.

View Full Live Blog (3 Updates)
DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Photo of Gerelyn Terzo
About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.

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