Space Exploration Technologies Corp. Class A Common StockSPCX
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Impact on stocks 1
Space Economy
Space Exploration Technologies Corp. Class A Common StockSpace Exploration Technologies Corp. Class A Common StockAs SpaceX shares, which listed in the largest IPO ever, swing wildly, it is pointed out that the key to successful IPO investing is to calmly assess profitability and supply-demand trends without being swayed by the boom. The company listed on the Nasdaq market about a month ago, raising approximately 75 billion dollars in the largest IPO in history, with 30 percent of the total allocated to individual investors. The offering price was 135 dollars, the opening price was 150 dollars, and the first-day closing price was 160.95 dollars, giving a market capitalization of about 2.1 trillion dollars, but recently it has fallen below 135 dollars. Going forward, early inclusion in the Nasdaq 100 Index is expected to bring inflows of an estimated 30 to 40 billion dollars, while the gradual lifting of insider lock-up periods raises concerns about selling pressure. Renowned investor Cathie Wood has been stepping up purchases of SpaceX shares through her main ETFs, positioning the company, which currently posts a net loss of about 5 billion dollars, as a global communications and computing infrastructure firm.