SpaceX Soars 11% on Nasdaq Debut, Becomes Largest IPO in History with $1.96 Trillion Market Cap
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SpaceX(SPCX.US) officially debuts on the Nasdaq! As of press time, SpaceX shares surged by 17.39%, trading at $158.48 per share.
Reportedly, SpaceX's IPO price was finalized at $135 per share, raising a massive $75 billion. This surpasses the $29.4 billion record set by Saudi Aramco in 2019, making it the largest IPO in history.
It is worth noting that SpaceX's initial IPO free float is only about 4.25% to 4.86%. This low free float, coupled with fast-track inclusion into major indices such as the Nasdaq 100, is expected to trigger potential passive buying of approximately $9.1 billion to $11.3 billion (or a broader estimate of $14.0 billion to $16.0 billion). Consequently, the early days of trading may exhibit a temporary supply-demand squeeze driven by the combination of a "low initial free float plus concentrated index buying."
Read more:
- Nasdaq: SpaceX to Officially Trade at 17:00 Saudi Time; 12 Leveraged/Inverse ETFs Set to Debut Next Monday
- Stocks to Watch | SpaceX’s Record IPO Could Trigger a $500 Billion Buying Wave — 6 ETFs and Chain Assets to Seize the Opportunity
- After record IPO, Musk's SpaceX faces next test in market debut
- Houston, We Have A Rally: Space Stocks Pop Ahead Of SpaceX Debut