Scottish Mortgage Investment Trust rose about 3% to lead the FTSE 100 after SpaceX's record $75 billion IPO on Nasdaq. SpaceX, the largest holding in the trust at 17.9%, surged 19% on debut and another 20% the next day, pushing its market value above $2 trillion and making Elon Musk the first trillionaire. The trust's stake, initially valued conservatively, saw a paper gain of nearly 19 times its original investment. However, the large position adds risk due to SpaceX's volatile stock and some analysts' concerns over valuation. Other Baillie Gifford funds also hold SpaceX shares and will benefit from the listing.
Elon Musk's SpaceX recently went public, raising questions about a potential IPO for its Starlink subsidiary. Data from prediction market Kalshi shows only a 7-10% chance of a Starlink IPO announcement before mid-2027. Meanwhile, Musk predicts SpaceX...
SpaceX (SPCX) went public on June 12, opening at $150 and closing its first day at $161, a 19% gain from the $135 IPO price. The stock's near-term price action is driven by retail excitement and the Starship launch narrative, but key price catalysts ...
SpaceX's debut on Nasdaq saw over 522 million shares traded in one day, surpassing the combined trading volume of Apple, Microsoft, Tesla, Meta, and Google. The IPO raised $75 billion at $135 per share, marking the largest IPO ever and pushing SpaceX...
After a turbulent period marked by a sharp drop in tech stocks and rising market volatility, the market has stabilized following the successful $2 trillion SpaceX IPO. The Nasdaq 100 rose 3% and the S&P 500 climbed 1.7%, with semiconductor stocks hit...
SpaceX's shares surged 17% to $187.70 on the first full trading day after its record-breaking IPO, pushing its market cap above $2.2 trillion and ranking it among the world's six largest companies. The company exercised its greenshoe option, raising ...
