SpaceX from Elon Musk debuts on the US stock exchange. When was Wall Street's first reaction?
SpaceX is already on Wall Street. At At 3:30 p.m. Polish time, representatives of Elon Musk's company opened the session with a bang. The stock can be found under the symbol SPCX. Friday's debut follows the largest initial public offering (IPO) in history.
The company raised USD 75 billion through the sale of shares in the IPO. New buyers received 555.6 million shares priced at USD 135. per piece. This transaction alone valued SpaceX at $1.77 trillion, which was the seventh most valuable company in the US.
SpaceX debuts on the stock exchange. When is the first listing of Elon Musk's company?
Investors from all over the world from At 3.30 p.m. they were waiting tensely for news about the first transactions concluded on the stock exchange. SpaceX quotes did not start during the first hour of the session.
However, it is worth remembering that in the case of large stock exchange debuts, such as SpaceX, the first transactions reported in official quotations often appear with a delay because the exchange must collect and balance a huge number of buy and sell orders.
As reported by CNBC, preliminary calculations suggest that share prices will start well above $135, the IPO price. They indicate approximately $175. per share, which would constitute an increase of approximately 30%..
See also: SpaceX shares debut. How to stage the biggest IPO in history?
A few hours before the first transactions concluded on the stock exchange in SpaceX shares, traders on the platform Polymarket forecasters predicted that the company would close the session with a market capitalization exceeding USD 2 trillion. The probability of such a scenario was estimated at 70%.
Leslie Picker from CNBC, reporting from the Morgan Stanley office, pointed out that the process of collecting orders for the purchase and sale of shares in such a major debut is a long process and that the opening of quotations will probably there are still a few hours left.
SpaceX debuts on the stock exchange. Elon Musk is a trillionaire
Thanks to the SpaceX IPO, Elon Musk became the world's first trillionaire. Let us recall that the company raised a record $75 billion on Thursday. in its initial public offering. Until now, the record amount was held by Larry Ellison, who at one point had a fortune valued at $400 billion.
After the stock exchange debut, CEO and founder Elon Musk will have control over 82.4%. votes in SpaceX. However, he will have to keep all his shares (he will not be able to sell them) for at least one year.
See also: New fortunes after the debut of SpaceX. This is how they will spend their money
Renowned journalist and biographer of Elon Musk, Walter Isaacson, believes that the SpaceX IPO will usher in a new wave of innovation in the space industry. “It's not just that we have a new trillionaire, but that we have a completely new economy here, i.e. the space economy,” he said on CNBC on Friday.
