SpaceX Hits Nasdaq in the Biggest IPO Ever
SpaceX begins trading on Nasdaq as investors pour $75 billion into the largest IPO in history.
SpaceX is now public. The rocket company hit Nasdaq on Friday after investors poured a staggering $75 billion into what's being called the biggest IPO the world has ever seen.
The trading debut is being watched as a litmus test for the so-called "Musk premium" — the same gravitational pull that's kept Tesla's valuation north of $1 trillion. Can Elon's name alone supercharge a stock? Wall Street is about to find out.
But there's a bigger picture here. SpaceX's IPO is also a bellwether for investor appetite heading into a wave of anticipated AI company listings. If the market gobbles this up, expect the floodgates to open.
The company trades under the ticker SPCX.O. At $75 billion in investor commitments, it dwarfs every previous public offering on record. The Musk premium is officially being priced in real time.