SpaceX's Market Entry Ranks Among Wall Street's Most Significant Deals

Deep News01:00

SpaceX's initial public offering has been priced, marking a landmark event on the Nasdaq exchange.

The trading volume for SpaceX's Class A shares has exceeded 207 million, with the total transaction value nearing $33 billion. This figure significantly surpasses the trading activity of major market ETFs on the same day, such as the Invesco QQQ Trust and the SPDR S&P 500 ETF Trust.

During the trading session, the stock price reached a peak of $168.75. This represents a 25% increase from its initial offering price and a 12.5% gain from its opening price.

At this peak valuation, the total market capitalization of SpaceX approximated $2.21 trillion, bringing it close to the market value of other corporate giants.

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