BREAKING: SpaceX, $SPCX, stock officially begins trading, now at $160.83/share, up +19% from the stock's IPO price.
This officially makes SpaceX a $2.1 TRILLION company, the 7th largest public company in the world.
Many are asking why is SpaceX, $SPCX, NOT trading yet?
Here's exactly how the IPO process works and when the shares will be available to trade (Bookmark this):
The IPO was quoted at 9:50 AM ET and was expected to begin trading at 10:00 AM ET, but that does NOT guarantee shares will trade at that time.
Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched.
At around 9:50 AM ET, "first indications" came out which are essentially a "gauge" of where the stock will open.
The first indications on $SPCX came in at $175/share, or a ~30% premium to the $135/share IPO price.
During this process:
1. Orders are entered, but no trades occur yet
2. Nasdaq continuously updates the indicative opening price
3. The opening price is adjusted until supply and demand are balanced
4. Only then does the opening auction occur and the first trade print
For major IPOs, delays are common such as Google in 2004 and Meta in 2012 which saw their first trades over 2 hours after the US market opened.
We expect the SpaceX IPO to open for trading within the next 60 minutes.
Buckle up for a historic day.
BREAKING: SpaceX ($SPCX) shares are indicated to open at $171 in their Nasdaq debut, up 26.7% from the IPO price of $135 per share, per Bloomberg.
SpaceX IPO reportedly drew more than $350 billion total in demand.
Na PD: Karina-ssi recently passed her written driver’s license exam with 85 points
🩵: thank you, i’m still accident-free
Na PD: ah did you get your license?
🩵: no i haven’t yet ㅎ
Na PD: so..you only did this ✍️ (written exam)?
🩵: yes 😄
Na PD: she said she was accident-free so i was like, oh you got your license?
🩵: i haven’t gotten it yetㅎ
Na PD: can you ride in a car that Karina’s driving, yes or no?
🌙🦋: of course i can
🌙: i want to do it soon!
🩵: really? but i don’t plan to buy a car..
Na PD: ..? then what are you getting a license for 🤣
🦋: for the van, the van
🩵: to drive the van, if the company has any extra vans!
jiminjeong story of following someone who said "do you have a moment to talk about our lord and savior" lmao
https://t.co/BEtovmDZ6X
PD Na: do you follow ppl who say "do you have a moment to talk about our lord and savior" stuff like that?
karina: i did
winter: unnie you did? me too!
PD Na: when did it happen?
winter: i followed them all the way to the cafe
karina: me too!
winter: me happened in COEX
karina: me at the gangnam station
PD Na: when was this?
winter: after debut
PD Na: what did they ask?
winter: i wondered if they were a shaman. theyre like "do you happen to have cold feet and hands?" and i was like "oh you're right, tho" and she was like "there is something i really want to tell you can we go to a nearby cafe?" i was worried but like cafe? i think its not dangerous
PD Na: what did they ask?
winter: they said stuff and then it suddenly took a strange turn so i was like "ah i have an appointment right now" and i ran away
PD Na: what about karina?
karina: it was during trainee. i plan to go shopping alone on my day off. i went to gangnam station. someone approached me and was like "are you by chance living with some kind of a pressure? dont you feel like youre being put to a test?" i got goosebumps. i was like "i'm trainee tho?" then they were like "since i'll buy you an americano"
winter: they bought coffee for you? i bought coffee for them tho. ah its unfair
karina: they were like "i'm not a strange person. really, as someone senior in life... bc you look so weak" so i was thinking 'oh, free food?' and said "yes!" so i followed them and i asked "can i have a smoothie?"
🤣🤣🤣🤣🤣