When SpaceX (NASDAQ: SPCX) closed its first day of public trading with a valuation of over a $2 trillion, the market structure shifted entirely.
The company shattered global capital-raising records at its IPO on Friday, June 12, raising $75 billion through 555.5 million shares priced at $135 each. By the closing bell, SpaceX surged 19% to settle at $160.95. Monday premarket action shows relentless institutional accumulation, pushing SpaceX up another 6% toward the $170 mark.
