SpaceX (code: SPCX) officially began trading on Nasdaq today (12th). The pre-market bid and ask prices were both $174, up about 29% from the IPO price of $135.
Opening information overview
- Pre-market bid/ask price: $174
- IPO price: $135
- Opening gain: approximately +29%
- Corresponding market capitalization: approximately US$1.765 trillion
This means the market gave SpaceX a premium of nearly 30% on its first day of IPO. With a market capitalization of $1.765 trillion, SpaceX has already entered the ranks of the world's top ten companies by market value.
The driving force behind the first-day premium of IPOs
SpaceX's IPO raised $80 billion, making it one of the largest initial public offerings in history. The 29% pre-market premium reflects the optimistic expectations of retail and institutional investors for the growth momentum of the space industry. SpaceX is not only in the aerospace industry, but also encompasses diverse revenue streams such as satellite communications (Starlink) and AI computing infrastructure (Google leases 110,000 NVIDIA GPUs for $920 million per month).
It's worth noting that SpaceX's initial offering is extremely limited (only 5% of shares without lock-up periods are allocated to family, friends, and employees, which is already a minority). This very low float could amplify volatility on the first day of trading. Investors should pay attention to trading volume and liquidity changes after the market opens.
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SpaceX officially went public on Nasdaq today (12th)! Investors should read these four key dates.
