SpaceX shares trade above $160 after $135 Nasdaq IPO debut

Volatile Nasdaq price discovery pushed indications as high as $175 and as low as $150 before trading began, while Bloomberg said the listing lifted Elon Musk’s net worth above $1 trillion.

45d ago

Fact Check

Multiple independent sources confirm every element of the claim. CNBC and CoinDesk confirm the $135 IPO pricing and a ~20% pop to above $160. The TrendSpider X post documents the exact opening indication progression from ~$175 down through $162 to $151, matching the claim's 'peaked near $175' and 'fell as low as $150 during price discovery.' CoinDesk reports the stock stabilized above $160 (open ~$162). Cointelegraph and Kobeissi corroborate the $151-$162 figures. The only minor nuance is timing/sequencing of stabilization, but the substantive facts are strongly supported.

Summary

SpaceX shares traded above $160 in volatile early action after the company’s Nasdaq IPO priced at $135. Before trading began, Nasdaq’s opening indication rose as high as $175, later eased to about $162, and at one point fell to $150 during extended order matching and price discovery several hours after the U.S. market open. Bloomberg Billionaires Index data cited in newer reporting said the listing pushed Elon Musk’s net worth above $1 trillion, with SpaceX accounting for $765 billion of his fortune, compared with $279 billion for Tesla and $3 billion each for Neuralink and The Boring Company. A May 20 S-1 filing said Musk’s stake would dilute from about 42% before the IPO to about 40.5% after listing and that his 6.4 billion shares would be subject to a 366-day lock-up.

Terms & Concepts

Price discovery: The process by which buy and sell orders determine the market’s opening trading price.
IPO price: The initial public offering share price, which was $135 for SpaceX.
Lock-up: A post-listing period during which certain shareholders cannot sell their shares.