SpaceX stock jumps nearly 30% following largest IPO ever

[rto]

SpaceX's (SPCX) stock opened at $150 Friday, an 11% jump from its IPO price and up nearly 30% in midday trade following its record-breaking IPO.

The rocket and satellite company priced its IPO Thursday night at $135 per share ahead of today's debut on the Nasdaq Composite (^IXIC), trading under the ticker SPCX (SPCX).

"SpaceX going public is an important moment for the broader tech sector in our view as this AI Revolution and data takes this next step forward,"

https://finance.yahoo.com/markets/stocks/article/spacex-stock-jumps-nearly-30-following-largest-ipo-ever-101955467.html

Any of you getting in on this IPO? I might sell some of my AMD stock to buy SPCX once the price settles if it's not too late.
Did you buy some Fred?

[GARANDNUT]

I got in this morning. There is an excellent interview with Musk on youtube where he is outlining his plans for SpaceX and if he pulls it off it will be unreal. This is far more than AI or Starlink like some talking heads are saying.

Musk is now a trillionair.

[Sanders]

I'll wait for the FOMO to quiet down and the price to drop as the shorts take their profits, as happens to all IPOs. Getting in on this is like getting in on Ford or GM on the ground floor, though. You aren't going to lose money unless he has some seriously big-bada-booms one right after the other.

[aviator]

There is always hype after an IPO of a company like that, I thought about it but at my age I'm not risking anything.

[4thIDvet]

Good for Mr. Musk he is one sharp man. I never got into stocks but good for those who were or are successful with them. I worked in the ski industry with a retired businessman who used to give us advice on investing. He was very successful and studied the business news for hours each morning.
His words... "The best way to loose money investing in stocks is to listen to a hot tip and then go invest. He said to read study then read and study some more before investing in a company." I don't know what he was looking for but when he read the newspaper 'pre cell phones' he would fly to the desk rotary phone and start buying from his broker.
He read the business news so much he wore the paper out..

ADD: I was always Blue Chip buying real estate. I would always have a small piece of property let it sit go up in price for a bit sell then buy more. Slow investments but they worked.

[55chevy]

There is an old saying, " a fool and his money......."

[aviator]

There is an old saying, " a fool and his money......."

Yup!......

[rto]

There's another old saying : You gotta spend money to make money.

[Solid Snake]

There is an old saying, " a fool and his money......."

A fool and his money are soon partying.

[Sanders]

A welder took a $28 an hour job in 2015 at a company he had never heard of.

On Friday, Juan Hernandez became a millionaire.

He spent ten years building the structures that lifted rockets onto the launch pad. SpaceX paid him partly in stock, the way it paid its cooks, machinists, technicians and cafeteria staff, equity instead of bigger salaries. His $10,000 grant grew into $880,000 at the IPO price. The first day pop carried it past a million. He is 42, an immigrant from Mexico, married, three kids. He says he is keeping the job.

He is not the outlier. He is the pattern.

4,400 current and former SpaceX employees became millionaires on Friday. One in five people who ever badged into the company. About 400 of them are walking away with $100 million or more. One employee took every cash bonus in stock instead of money. He is sitting on 50,000 shares, worth more than $8 million at Friday's prices.

And then there is the other side of the cafeteria.

Some employees sold their shares years ago, certain the company would never go public because Musk said he hated public markets. A few traded their stock for restaurant gift cards. The New York Times says they are consumed by regret. Same grant, same building, same years. One group held the claim. The other ate it.

None of the winners can touch the money yet. The first selling window opens after the August earnings report, and the rest unlocks in waves through December.

Underneath all of it sits the only lesson the market ever teaches. The welder and the gift card came from the same place. The difference was never the work. It was the ownership. Salary pays for the month. Equity pays for the era.

A cook in Brownsville just answered the question every buyer of SPCX is asking at $170: what is a claim on this company actually worth?

The piece prices that exact question at $2.2 trillion.

https://x.com/shanaka86/status/2065519788273868866