{"id":1805,"date":"2026-06-12T22:38:45","date_gmt":"2026-06-12T22:38:45","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=1805"},"modified":"2026-06-12T22:38:45","modified_gmt":"2026-06-12T22:38:45","slug":"with-smooth-spacex-debut-wall-street-sets-new-template-for-mega-ipos","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=1805","title":{"rendered":"With smooth SpaceX debut, Wall Street sets new template for mega IPOs"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><li>Companies<\/li><\/ul><\/div><div><\/div><\/div><div>NEW YORK, June 12 (Reuters) &#8211; A collective sigh of relief swept across Wall Street after trading \u200bfor SpaceX\u2019s landmark Nasdaq launch went smoothly, setting a new template for the trading firms and exchanges that are bracing for the giant IPOs of OpenAI \u200cand Anthropic later this year.<\/div><div>SpaceX&#8217;s record-breaking debut on Friday dwarfed the previous largest flotation on U.S. exchanges by nearly three times. The sheer size of the launch had worried market participants who had lingering bad memories from the disastrous stock market debut of Facebook in 2012.<\/div><div>However, trading systems at the banks underwriting the IPO, exchanges, market makers, clearinghouses, and other market infrastructure firms held up to the challenge of processing \u200bmillions of client orders.<\/div><div>&#8220;People go back to the Facebook &#8230; days and &#8216;was this going to turn into one of those companies,&#8217; but I honestly think the banks \u200bin the U.S. did a fantastic job, the SpaceX crew did a fantastic job telling the story when they did their rounds. And \u2060as you can see it went extremely smoothly,&#8221; said Jeff Parks, CEO of Canadian investment firm Stack Capital Group. Nearly a third of Stack&#8217;s portfolio is SpaceX, in \u200bwhich the company began investing in 2021.<\/div><div>He was referring to the turbulence that surrounded Facebook&#8217;s ill-fated IPO, when technical problems turned a landmark listing into one of Wall Street&#8217;s most notorious \u200btrading fiascos. It left investors and brokers in limbo for hours and ultimately cost market makers hundreds of millions of dollars.<\/div><div>According to Citadel Securities, the largest U.S. retail market maker, SpaceX&#8217;s debut generated the highest retail order activity for an IPO auction ever. A Citadel Securities spokesperson said the firm handled the majority of the retail orders for SpaceX.<\/div><div>Morgan Stanley, the so-called &#8220;stabilization agent&#8221; for the glitzy market \u200bdebut, had the key role in managing SpaceX&#8217;s market opening. The bank had to ensure an orderly rollout even as it grappled with unprecedented investor demand. A stabilization agent \u200btypically buys up shares in the open market to shore up stocks that witness steep declines on opening day.<\/div><div>One of the lead underwriters advising SpaceX, who requested anonymity as the matter is confidential, \u200csaid the \u2060IPO was a monumental event for the exchanges and the banks and crucial to get right.<\/div><div>Trading platform Charles Schwab said it has seen well over a million orders in SpaceX in the first few hours of trading, which is a significant figure in comparison to past IPOs, according to a spokesperson for the company.<\/div><div>Reuters reported on Thursday that Wall Street traders, brokers and exchanges had been stress-testing their trading systems for several weeks leading up to the blockbuster IPO.<\/div><div>SpaceX shares &#8220;are not going up in huge blocks, but they&#8217;re bleeding higher, \u200band a lot of that is due to \u200ba little bit more of a \u2060boring and softer opening print than a lot of folks expected,&#8221; said Mike Dickson, head of research &amp; quantitative strategies at Horizon Investments. &#8220;I&#8217;m a little surprised there&#8217;s not more volatility, given a lot of the oversubscription headlines.&#8221;<\/div><h2>SMOOTH ROLLOUT<\/h2><div>Past trading debuts for large IPOs have often \u200bfaced delays because exchanges must match enormous volumes of buy and sell orders before determining an opening price. For SpaceX, the stock \u200bstarted trading shortly before \u2060noon on Friday. That was relatively early compared to the recent IPOs of Cerebras Systems and Quantinuum, which opened later in the afternoon on their respective debut days.<\/div><div>Barring some issues with early trading on Robinhood on Friday, Wall Street largely skirted the technical glitches that hampered Facebook&#8217;s rollout in 2012 &#8211; much to the relief of Nasdaq, the market makers, and investors.<\/div><div>&#8220;We all worked \u2060really well \u200btogether. We did a lot of preparation with our banking partners,&#8221; said Nasdaq CEO Adena Friedman in \u200ban interview with CNBC on Friday. &#8220;We made sure that we were talking to all of the firms throughout the process of preparing for this, and it came off really flawlessly.&#8221;<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Anirban Sen\" class=\"wp-image-1644\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/7b359cb969325ab450f868a03a5676d0.avif\"\/><\/figure>\n<\/noscript><\/div><div>Anirban Sen<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Instagram<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Nivedita Balu\" class=\"wp-image-1803\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/c04a7ead7f33c5aef15b9eac778acbf4.avif\"\/><\/figure>\n<\/noscript><\/div><div>Nivedita Balu<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Saeed Azhar\" class=\"wp-image-1804\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/ec6ef78ec801a8bfff5c42a931284bcc.avif\"\/><\/figure>\n<\/noscript><\/div><div>Saeed Azhar<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1801\">Stocks rise as SpaceX makes market debut; oil slides on Gulf peace hopes<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1799\">Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1797\">Exclusive: UAE to unlock billions of dollars for Iran, sources say<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>A collective sigh of relief swept across Wall Street after trading \u200bfor SpaceX\u2019s landmark Nasdaq launch went smoothly, setting a new template for the trading firms and exchanges that are bracing for the giant IPOs of OpenAI \u200cand Anthropic later this year.<\/p>\n","protected":false},"author":1,"featured_media":1802,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[112,54],"class_list":["post-1805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-capital-markets","tag-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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