SpaceX Soars
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.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Live Blog Update #3 Published
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.
All Updates from Live Coverage
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.
Live
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.
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.
Top Gaining Stocks
Top Losing Stocks