Cathie Wood’s Ark Invest Buys $525 Million of SpaceX Shares on First Trading Day
Cathie Wood’s Ark Invest bought 3,291,184 SpaceX shares, worth about $525 million, on the company’s first day of Nasdaq trading, adding a prominent new institutional holder after the largest initial public offering on record. SpaceX opened at $150 a share after pricing 555.6 million shares at $135, lifting its market value from $1.77 trillion at the offer to about $1.96 trillion at the open.
The purchase adds to early demand after SpaceX’s $75 billion share sale drew more than $350 billion in total orders, including about $100 billion from retail investors, who received 20% of the shares. The debut made Elon Musk the world’s first trillionaire on paper, even as SpaceX entered the public market after posting a loss of nearly $5 billion last year.
From the sources (25 posts)
@exec_sumBREAKING: Senator Elizabeth Warren urges the SEC to delay SpaceX's IPO, citing valuation, governance and index risks for retail investors.
@deitaoneWARREN CALLS TO BLOCK SPACEX IPO Sen. Elizabeth Warren urged the SEC to halt SpaceX’s IPO, citing governance risks, Elon Musk’s control, and potential foreign—especially Chinese—investment concerns. She also highlighted SpaceX’s role as a
@scottmelkerJUST IN: SENATOR ELIZABETH WARREN CALLS ON SEC TO DELAY SPACEX IPO
@kalshiJUST IN: Elizabeth Warren urges the SEC to halt SpaceX IPO
@yahoofinanceElizabeth Warren wants the SEC to pump the brakes on the SpaceX IPO.
@yahoofinanceElizabeth Warren wrote a letter to SEC Chair Paul Atkins asking him to halt the SpaceX IPO.
@bulltheoryioBREAKING: Senator Elizabeth Warren just called on the SEC to block the SpaceX IPO. Warren cited three concerns: - Elon Musk's unchecked control over the company. - Governance risks for public investors. - The possibility of Chinese inv
@oilheadlinenewsSenator Elizabeth Warren urges the SEC to delay SpaceX's IPO, citing valuation, governance and index risks for retail investors.
@polymarketmoneyJUST IN: Senator Elizabeth Warren has asked the SEC to halt SpaceX’s upcoming IPO.
@cointelegraph🚨 JUST IN: Sen. Warren urged the SEC to block SpaceX’s IPO over governance, Musk control and foreign investment concerns.
@exec_sumBREAKING: SpaceX's $75B IPO is over 4x oversubscribed with over $300B in orders Order books are set to close today
@katie_roofRT @BloombergTV: SpaceX’s initial public offering is well oversubscribed with multiple institutional investors placing orders for about $10…
@cnbcSen. Warren calls on SEC to delay SpaceX IPO, flagging concerns about valuation and governance
@reutersSEC mum on SpaceX share structure that worried a 1926 US president
@deitaone*SPACEX IPO IS SAID TO BE MORE THAN FOUR TIMES OVERSUBSCRIBED
@financialjuiceSpaceX's IPO is said to be more than four times oversubscribed.
@yahoofinanceSpaceX's IPO is coming Friday, and it's 4x oversubscribed. @scottmelker says crypto still overpaid.
@businessSpaceX’s initial public offering has attracted demand for more than four times the available shares, according to people familiar with the matter
@deitaoneSPACEX IPO DEMAND SWAMPS SHARE SUPPLY SpaceX’s IPO has reportedly attracted demand for more than four times the shares available, highlighting strong investor appetite. The company plans to raise about $75 billion at a $1.8 trillion valuat
@zerohedgeSPACEX IPO IS SAID TO BE MORE THAN FOUR TIMES OVERSUBSCRIBED
@wallstengineSPACEX IPO IS SAID TO BE MORE THAN FOUR TIMES OVERSUBSCRIBED
@katie_roofRT @business: SpaceX’s initial public offering has attracted demand for more than four times the available shares, according to people fami…
@polymarketNEW: The SpaceX IPO has reportedly attracted demand for more than 4x the amount of shares available.
@edludlowRT @business: The SpaceX IPO is expected to be a market spectacle as investors get a chance to buy into Elon Musk's vision for a combined s…
@theinformationNasdaq has turned its flagship index into a powerful pitch for IPO candidates. New rules could drive roughly $8.5 billion of SpaceX buying within days of its debut, giving the exchange a new edge in the battle for listings. Full story: h