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Individual Investors Received 20% of IPO Shares, Sources Say
The Wall Street Journal67d agoneutral
Individual Investors Received 20% of IPO Shares, Sources Say

SpaceX allocated around 20% of its $75 billion offering to individual investors, according to people familiar with the matter. That figure is significantly higher than the typical 5% to 7% range in an IPO allocated to so-called retail investors.

SpaceX’s IPO Frenzy Just Spawned a New Risk That Could Cost Investors a Fortune
24/7 Wall St.67d agoneutral
SpaceX’s IPO Frenzy Just Spawned a New Risk That Could Cost Investors a Fortune

The stock market has spent years waiting for this moment. SpaceX (NASDAQ:SPCX) will begin trading this morning in what is the largest IPO in history. The IPO set a record, raising $75 billion at a valuation of approximately $1.77 trillion. Investor demand has been building for months as retail investors and institutions alike seek exposure ... SpaceX’s IPO Frenzy Just Spawned a New Risk That Could Cost Investors a Fortune

Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
Reuters67d agoneutral
Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows

Hedge funds sold out of the biggest U.S. tech stocks, and some even added ‌bearish positions, according to data from a JPMorgan note late ‌Thursday, just before SpaceX was set to go public on Friday. Shares in the "Magnificent Seven" -- ​a group that includes some of the biggest tech names on Wall Street, namely Nvidia, Apple, Amazon.com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday. The Roundhill Magnificent Seven ETF, which tracks these ‌stocks closely, declined over 2.4% ⁠since June 5, with some analysts saying investors were clearing their decks in order to prepare for the ⁠debut of Elon Musk's Space X on Friday.

SpaceX Faces Crucial Market Debut Following Historic IPO Success
InvestorsHub67d agoneutral
SpaceX Faces Crucial Market Debut Following Historic IPO Success

SpaceX (NASDAQ:SPCX) is preparing to begin trading on Nasdaq on Friday after completing the largest initial public offering ever, with investors committing $75 billion in a vote of confidence that Elon Musk’s long-term ambitions in space exploration, communications and artificial intelligence can support a valuation of $1. 77 trillion.

3 Reasons SpaceX Stock Might Be a Buy as Soon as it IPOs
24/7 Wall St.67d agobullish
3 Reasons SpaceX Stock Might Be a Buy as Soon as it IPOs

The day has come. The Space Exploration Technologies (NASDAQ:SPCX) IPO is ready to touch down, and it’s going to be interesting to see how the shares twist and turn in their first full day on the public markets. It’s an oversubscribed IPO, to say the least, as last-minute investors look to submit their limit orders ... 3 Reasons SpaceX Stock Might Be a Buy as Soon as it IPOs

Investing.com67d agoneutral
SpaceX guide: Everything you need to know about the biggest IPO in history

Investing.com -- SpaceX begins trading on Nasdaq today under the ticker SPCX, targeting a valuation of approximately $1.75 trillion and seeking to raise $75 billion, more than 2.5 times the previous record set by Saudi Aramco (TADAWUL:2222) in 2019. The scale alone rewrites the record books. But the more interesting argument for "unique" runs deeper than the headline number.

After record IPO, Musk's SpaceX faces next test in market debut
Reuters67d agoneutral
After record IPO, Musk's SpaceX faces next test in market debut

SpaceX is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world's biggest IPO ever, betting that Elon Musk's lofty space, communications and AI ambitions can justify a $1.77 trillion valuation. The landmark listing cemented Musk's status as the first trillionaire ever and ‌propelled SpaceX into the ranks of the world's most valuable companies - even though the firm posted a loss of nearly $5 billion last year and generated only a fraction of ‌the revenue brought in by similarly valued tech giants. The stock's performance will be a test for the so-called "Musk premium," which has been the force behind Tesla's $1 trillion-plus valuation.