Corrie Driebusch

The first indication for SpaceX’s opening price is between $170 and $175, according to a person familiar with the matter. The IPO priced shares at $135 each. Traders see an indicated price range throughout the day before an IPO starts trading. This number is frequently updated as more buy and sell

Shares in SpaceX opened at $150 each, above the IPO price of $135.

Traders on the equities desks at Goldman Sachs and Morgan Stanley were wearing green shoes on Friday, a nod to the “green shoe” overallotment option, according to people familiar with the matter. Underwriters typically sell more shares to investors than an IPO’s total offer size, colloquially calle

SpaceX’s stock opened up 11% from its IPO price earlier than some expected, a little before noon on Friday, with no visible hiccups. It’s a relief for those who had wondered whether the market machinery could handle the largest IPO of all time. Nasdaq has practiced with mock openings to make sure i

The total fee pool for SpaceX's IPO is around $500 million, or 0.7% of the $75 billion raised, according to a filing and people familiar with the matter. Lead banks Goldman Sachs and Morgan Stanley will take home the lion’s share of that, getting a combined 40% or around $100 million apiece.Bank

SpaceX shares opened 11% above their IPO price, and spent much of the early afternoon trading between 20% and 30% higher. It’s as near a picture-perfect debut as most bankers could imagine. Too big of a pop in early trading can prompt calls that a newly listed company and its underwriters priced th

Individual investors showed up for Elon Musk in the SpaceX IPO. Individuals put in orders for around $100 billion in the offering, according to people familiar with the matter. While they received a fraction of that, the strong demand highlighted the sway individual investors now hold in U.S. publi

The iconic Times Square Ball that drops each New Year's Eve is set to instead rise Friday after market-close to mark SpaceX's historic offering, people familiar with the matter said. The ball is expected to be lit in orangish-red hues in a reference to Elon Musk's decades-long goal of sending peopl

SpaceX shares closed up 19% in their first day of trading, giving the company a market value of around $2.1 trillion. At 4 p.m. ET, shares were at $161.11, up from its $135 offering price.

Elon Musk became the world’s first trillionaire as investors bought into the moonshot AI vision in a remarkably smooth IPO.