SpaceX Closes Up 19.6%, Tops $2.5 Trillion as IPO Haul Reaches $85.7 Billion
SpaceX shares rose 19.6% Monday in their first full day of trading, lifting the company's market value above $2.5 trillion for the first time and making it the sixth-largest public company. The advance extended Friday's 19% gain from the $135 offer price in what had already become the biggest IPO on record.
The company also said underwriters exercised their overallotment option, increasing total proceeds from the offering to $85.7 billion from $75 billion by selling an additional 83.3 million shares. The IPO kept crypto-linked markets active as well: Binance said its SPCXUSDT perpetual contract had more than 60% of SpaceX perpetual-futures market share and $5.6 billion of 24-hour rolling volume as of June 13, while The Block reported $1.4 billion of trading on Hyperliquid.
From the sources (25 posts)
@saylorCongratulations @ElonMusk and $SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.
@defiignasCrypto PTSD tells me $SPCX will end up as crypto hyped low-float/high-FDV token launches. Tradfi is at the 'High-FDV is a meme' stage crypto was 2 years ago. But $SPCS can't do 10x at current valuations, especially as unlocks start. Meani
@cryptoroverUNREAL: This man moved from Mexico to the U.S. He worked as a welder at SpaceX for 10 years. He earned $28 per hour and received $10,000 in company stock. After SpaceX’s IPO, his shares are worth around $1 million. He is one of 4,400 e
@inversebrahRT @boldleonidas: SpaceX IPO
@lex_node@VietnamPenguin they could've just designed it responsibly in the first place--for example, to lock up the tokens on IPO since the underlying shares are locked, or set up an arb system. obviously any design that allows this to happen is bad
@cointelegraph🚨 JUST IN: Trust Wallet will add support for SPCXB, a tokenized version of SpaceX stock on BNB Chain.
@arkhamSpaceX is now the 7th largest company in the world. SpaceX holds $1.19B of Bitcoin. $SPCX IS BULLISH ON $BTC
@degeneratenewsNEW: @Backpack'S TOKENIZED $SPCX SURPASSES $35M 24H VOLUME, LEADS TOKENIZED STOCK VOLUME ON @solana 24H AFTER $SPCX'S @Nasdaq DEBUT RECORDS 5X+ VOLUME OF NEXT $SPCX CONTENDER, 2ND IN LIQUIDITY AMONG TOKENIZED STOCKS @Backpack CEO @armanif
@lex_node@VietnamPenguin they could also do things to actually prove that they truly own the shares, which would likely reduce panic as well in crypto, when something seemingly stupid happens, it's hard not to assume malice--when considering the a
@degeneratenewsNEW: $SPCX PERP ON @HyperliquidX NOW HAS ~28% HIGHER OPEN INTEREST THAN @binance SOURCE:
@lex_node@fabrizio_builds the tokenholders have no rights or transparency, they cannot verify if anything is actually held etc, they do not actually have a right to any shares and just have to hope the team is incentive-aligned enough or scared enou
@lex_node@fabrizio_builds this would not be happening if the lockup terms had been disclosed to holders in advance and/or people were confident the shares will actually be there for redemption when the time comes, or if there were any kind of plan t
@arkhamSPACEX: STOCK OR PERPS? The SpaceX IPO is here. Traders can gain exposure through traditional equity or crypto-native perpetual contracts. Our research team breaks down the mechanics, risks, and differences between owning SpaceX stock vs
@afp🇺🇸 Shares in Elon Musk's SpaceX closed almost 20 percent higher on their trading debut after the biggest IPO in history, making the polarizing entrepreneur the world's first trillionaire as he vows to take humanity to Mars. ➡️ https://t.co
@reutersSpaceX shares jumped as much as 30% in its Nasdaq debut before finishing up 19%, as investors piled into the world's largest IPO
@financialjuiceSpaceX gains 4.8% on Tradegate vs Friday's closing price
@cnbcAfter Elon Musk’s SpaceX made its debut on the Nasdaq, much ink has been spilled over the company, its valuation, and its position in the burgeoning tech space. The company’s stratospheric IPO has made founder Elon Musk the world’s first t
@cnbcSpaceX shares jumped in premarket trading on Monday following its record-breaking debut last week on the Nasdaq, which marked the biggest initial public offering in history. Shares of SpaceX were around 6% higher at the start of premarket
@cnbcSpaceX gains 6% in premarket after record debut
@businessSpaceX shares jumped in premarket trading Monday, after its blockbuster debut Friday vaulted it into the ranks of the world’s most valuable public companies
@techmemeSpaceX IPO raised a total of $85.7B as underwriters exercised their overallotment of shares, after raising an initial $75B on June 11 (CNBC) (Visit Techmeme dot com for the link and full context!)
@toly👑👑👑
@cnbcSpaceX underwriters have officially exercised their overallotment of shares in the historic initial public offering, bringing the total raised to $85.7 billion, the company announced Monday. Elon Musk’s space and artificial intelligence co
@binanceBinance maintains over 60% market share of SpaceX perpetual futures ($SPCXUSDT), securing its position as our second-largest traded product globally. → $5.6B: 24-hour rolling trading volume (as of June 13). → $9.0B +: Cumulative volume acr
@katie_roofRT @Techmeme: SpaceX IPO raised a total of $85.7B as underwriters exercised their overallotment of shares, after raising an initial $75B on…