SpaceX opens at $150, an 11% pop for the most anticipated debut in history
This title could be clearer and more informative.Try out Clickbait Shieldfor free (5 uses left this month).
SpaceX made its public market debut on Nasdaq, opening at $150 per share — an 11% pop above its $135 IPO price. The offering was oversubscribed 4x, with only about 4% of shares available as a public float. SpaceX successfully lobbied indexes like the Nasdaq 100 to fast-track its inclusion, further boosting demand. The IPO marks one of the largest VC windfalls in history: Founders Fund's $600M investment is now worth over $50B, Andreessen Horowitz's stake exceeds $10B, and Sequoia's tops $20B. The debut likely makes Elon Musk the world's first trillionaire, while roughly 4,400 SpaceX employees become millionaires.
47 Impressions