Patriotic Cybertruck Driving Inventor Type πΊπΈ π ππ¦Ύ π₯Blade Smith FIF S 8, Ep 7 championπ₯ Buy yourself a Tesla! Promise youβll like it! π YT @TryangleDZ
Gwynne is an absolute boss. If youβre all about female empowerment but ignore her and cheer on people like Elizabeth Warren or AOCβ¦. Youβre an idiot
If she wasnβt working for Elon Gwynne Shotwell would be hailed as an incredible success story and the most powerful woman in aerospace.
Instead itβs radio silence from the media
A man working as a welder at SpaceX for $28 an hour has just become a millionaire.
Juan Hernandez, who came from Mexico, welded rockets for SpaceX at $28 an hour.
SpaceX gave him $10,000 in stock when he went full time in 2015, and he bought more with every paycheck for 10 years.
$SPCX is now trading at $167, making his shares worth over $1 million.
Many are asking why is SpaceX, $SPCX, NOT trading yet?
Here's exactly how the IPO process works and when the shares will be available to trade (Bookmark this):
The IPO was quoted at 9:50 AM ET and was expected to begin trading at 10:00 AM ET, but that does NOT guarantee shares will trade at that time.
Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched.
At around 9:50 AM ET, "first indications" came out which are essentially a "gauge" of where the stock will open.
The first indications on $SPCX came in at $175/share, or a ~30% premium to the $135/share IPO price.
During this process:
1. Orders are entered, but no trades occur yet
2. Nasdaq continuously updates the indicative opening price
3. The opening price is adjusted until supply and demand are balanced
4. Only then does the opening auction occur and the first trade print
For major IPOs, delays are common such as Google in 2004 and Meta in 2012 which saw their first trades over 2 hours after the US market opened.
We expect the SpaceX IPO to open for trading within the next 60 minutes.
Buckle up for a historic day.
Update:π¨
Seems like there is no process after the request for E*Trade! 10 $SPCX SpaceX shares just showed up in my account though!
Never been this pumped about this small of an investment π€£