Record Listing: SpaceX's Stock Price Soars as Trading Begins

SpaceX's stock experienced a dramatic increase on Friday evening, Finnish time, as trading commenced in the United States. The space and technology company's shares saw a significant jump shortly after their debut on the market.

The initial offering price for the shares was set at $135, which translates to approximately 117 euros at the day's exchange rate. However, following the commencement of trading, the stock price climbed by about 13%, reaching $152 per share.

The technology exchange Nasdaq opened at 4:30 PM Finnish time, but trading for SpaceX shares was delayed due to specific U.S. listing regulations. Online broker Nordnet, for instance, advised its clients to await the start of trading for SpaceX-related information.

Trading eventually began shortly before 7 PM Finnish time. This listing and the start of trading are considered the most significant event in the securities market so far this year. The article anticipates that AI companies like OpenAI and Anthropic will follow with their own listings.

SpaceX had already raised $75 billion during its subscription period. This amount could increase by over $10 billion, as the underwriting banks hold an option to purchase additional shares. Based on these figures, SpaceX's market valuation stands at $1.77 trillion, placing it among the world's most valuable publicly traded companies.