π Today is SpaceX's first day of trading on Nasdaq. Ticker:
$SPCX.
The IPO priced at $135/share last night a $1.75 trillion valuation, $75 billion raised.
That's nearly 3x Saudi Aramco's 2019 record. One of the most consequential listings in stock market history opens this morning.
Why this matters beyond the hype:
β 15 days after listing,
$SPCX automatically enters the Nasdaq 100 triggering an estimated $22β27 billion in forced mechanical buying from every QQQ index fund globally.
β That rebalancing in early July is what institutional desks are positioning for right now.
β The offering allocated 30% to retail triple the industry norm.
Worth knowing:
@SpaceX grew revenue 33% to $18.7B in 2025, but posted a $4.9B net loss. At 94x annual sales, this is priced for a future that doesn't exist yet on a balance sheet.
$SPCX #IPO #investing