With Space X ?
“Space Exploration Technologies”
Elon Musk get over with his hanging out with the American President…..
June 12 (Reuters) – SpaceX SPCX.O soared in its Nasdaq debut on Friday, sending its value past $2 trillion, as investors jumped at the chance to get a piece of Elon Musk’s sprawling empire spanning rockets, internet service and AI after a record-setting IPO.
The launch was smoother than many observers expected, with trading kicking off late on Friday morning, swinging for most of the session between gains of 15% and 30% above Thursday’s pricing with little in the way of volatility. Shares ended the day at about $161 a share, up 19%, making SpaceX the sixth-largest U.S. company, though the final settlement price had yet to be determined.
The trading, which surpassed 500 million shares, or about $80 billion in volume, capped off a lead-up fraught with anxiety over the exchange’s ability to handle the launch, particularly after a recent swoon in technology shares that raised concerns about the stratospheric gains in AI-linked names.
With mega-listings from AI heavyweights Anthropic and OpenAI waiting in the wings, market watchers worried that a flood of new IPOs could hurt market performance following a long period with a relative dearth of offerings. But investors across the spectrum, from large institutions to retail fans of Musk, ended the day euphoric….
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Retail investors received about 20% of the allocation, far more than the typical IPO, with some even celebrating an allocation of one share.
The landmark listing cements Musk’s status as the first trillionaire ever – even though the firm posted a loss of nearly $5 billion last year and generated only a fraction of the revenue brought in by similarly valued tech giants….
Note….
Not to be negative ….
But there IS gonna new profit takers and sell off in this companies future I’d Guess….
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