Investors will soon get a new way to bet on SpaceX’s trajectory: options on the stock are set to begin trading as soon as Tuesday, with early activity expected to be heavy, volatile, and likely expensive.
Tag: Capital Markets
SpaceX raised a record $75 billion in its IPO on Friday after selling about 5% of its outstanding shares, but it could raise even more under a provision designed to keep trading smooth in the first few weeks after a company goes public.
The benchmark S&P 500 and the blue-chip Dow rose in choppy trading on Friday, aided by expectations for an imminent end to the Middle East conflict, while SpaceX shares surged in their debut, making it Wall Street’s biggest public listing in history.
SpaceX’s record $75 billion IPO is poised to supercharge Chinese space startups racing to fund the same technologies that have made Elon Musk the world’s first trillionaire — reusable rockets and giant satellite constellations.
SpaceX is set to begin trading on Nasdaq.
Elon Musk’s SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion.
Before SpaceX goes public, crypto exchanges are giving traders a way to make risky bets on the company’s future share price.
SpaceX on Thursday priced the biggest-ever U.S. initial public offering at $135 per share, making Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.
If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.
SpaceX’s much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action.