SpaceX shares close 19% higher in Nasdaq debut, bitcoin holds near $64,000
By
Shaurya Malwa, Omkar Godbole, James Van Straten, Helene Braun
Fresh out the oven, still warm. Top of the tray.
Summary
SpaceX (SPCX) debuted on Nasdaq with shares rising as high as $176 before closing at $160.95, a 19.2% gain from its IPO price of $135. The listing gives SpaceX a market cap of $2.1 trillion, placing it sixth globally behind Amazon and ahead of Taiwan Semiconductor. Crypto markets also firmed following the largest equity listing in history, with bitcoin trading near $64,000 and Elon Musk-associated tokens moving in line with the broader market.
Key quotes
· 5 pulledSpaceX pares gains into close, still rises nearly 20% in first trading session
Shares of Elon Musk's SpaceX (SPCX) rose as high as $176 on their first day of trading, but slid a bit in afternoon hours, closing at $160.95
It also makes for a market cap of $2.1 trillion, placing the company in sixth place in global market capitalization, just behind Amazon and just ahead of Taiwan Semiconductor
Crypto firmed across the board following the largest equity listing in history.
The token most tied to Elon Musk traded right in line with the market.
You might also wanna read
SpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
Variety·7h agoSpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
variety.com·7h agoSpaceX Sets Record for Largest IPO in History at $1.77 Billion Valuation
SpaceX, Elon Musk's aerospace and technology conglomerate, has set a record for the largest IPO in history with an initial valuation of appr
Variety·1d ago