SpaceX makes Nasdaq debut at $150, lists at 11% premium to IPO price; Musk becomes world's first trillionaire
New Delhi, June 12 -- Shares of Elon Musk's SpaceX made a healthy debut on Nasdaq on June 12, listing at $150 apiece, an 11% premium to its issue price of $135. The listing marked Wall Street's largest public offering in history and gave the rocket maker a market valuation of approximately $1.96 trillion.
Although the shares debuted below Wall Street expectations, they quickly gathered momentum and climbed to $164 apiece, representing a gain of nearly 20% over the IPO price of $135.
Analysts had expected the stock to debut between $170 and $175 per share, supported by the strong demand witnessed during the record-breaking offering.
Following its debut, Space Exploration Technologies Corp., as the company is officially known, immediatel...
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