SpaceX IPO Sees $26B in Shares Traded in First 15 Minutes
The SpaceX IPO ($SPCX) recorded 160 million shares traded in its opening 15 minutes, equivalent to roughly $26 billion in volume. Average trading velocity reached $1.7 billion per minute.
The highly anticipated initial public offering of SpaceX ($SPCX) began trading today with extraordinary initial volume. Within the first 15 minutes, approximately 160 million shares changed hands, representing about $26 billion in total traded value.
At that pace, the stock saw an average of $1.7 billion worth of shares traded per minute during the opening quarter-hour, underscoring intense investor demand for the private space company's market debut.
No further details on the opening price or current share value have been provided in the source report.
Source: The Kobeissi Letter