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.
Our internal data shows Claude is accelerating AI development—a possible path to recursive self-improvement, or AI autonomously building a more capable successor.
It’s happening faster than we thought, and the implications deserve greater attention. https://t.co/OVVPJO7VQx
We built four malicious skills to test whether skill scanners actually work. Three took less than an hour to conceive and implement. ClawHub, Cisco, and Vercel's https://t.co/nUlnRcQWyG marked them as safe. 🧵
Has been a while since I wrote about agentic engineering, so this time around some learnings of maintaining Pi as a junior maintainer to @badlogicgames :) https://t.co/TbD9Jvqk3t
Some key findings from @Cloudflare write up on Mythos Preview
- Mythos Preview is SOTA on bug hunter (exploit chains + POC generation)
- a framework to build vulnerability discovery harness
https://t.co/StUo20n3Tr
a prompt I've been using a lot recently:
implement <SPEC> and while you do, keep a running implementation-notes.html file (or markdown) with decisions you had to make weren't in the spec, things you had to change, tradeoffs you had to make or anything else I should know