Shares of Elon Musk’s SpaceX made a blockbuster debut on Nasdaq on 12 June, listing at $150 apiece, a 11% premium to its issue price of $135, marking Wall Street’s largest public listing in history.
Following its debut, Space Exploration Technologies Corp., as the company is officially known, immediately became the sixth largest publicly listed company in the US. It also emerged as the first of three anticipated “megacap” companies to go public this year, with Anthropic and OpenAI expected to follow.
