SpaceX’s stock is climbing
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The SpaceX IPO is getting closer, with official pricing coming in at $135 before trading begins on Friday. The deal for Elon Musk's space-technology company has shattered records and could usher in volatile trading,
Investors will get their first chance to trade shares of Elon Musk's space company after the market opens at 9:30 a.m. ET.
It looks like SpaceX shares will pop once they start trading later Friday. According to Nasdaq, the stock is indicated to open at a price of $175 a share, nearly 30% above its $135 IPO price.
The vast bulk of the IPO shares of any company are allocated to institutional investors like mutual funds, pension funds, and hedge funds. Usually, those account for 90% to 95% of all IPO shares. But SpaceX decided to do something different. It initially ...
