Quick Read – SpaceX (SPCX) surged 19% on debut, hitting a $1.376 trillion market cap with record retail investors claiming 20% of the IPO book. – Firefly (FLY) dropped 12% that week despite 45% revenue growth, confirming SpaceX’s clean debut reflects deal mechanics, not…
ace-sector momentum. – Picker warns a sharp SPCX dip before Anthropic and OpenAI attempt to go public could chill investor appetite for megacap AI allocations. – CNBC’s Leslie Picker walked viewers through the mechanics of last week’s blockbuster listing on June 15. She framed SpaceX (NASDAQ: SPCX) as more than the biggest IPO ever priced. “Friday’s debut went off really smoothly
There were no technology glitches in the 19% day one gain meant that those who received allocation generated a pretty good return, but the company didn’t leave too much on the table, either,” Picker said on air. That balance, a clean debut plus a fair split between issuer and buyer, is what bankers prepping the next wave of megacap deals are studying closely. The numbers behind the debut SpaceX opened trading on Friday and climbed again on Monday.
Shares were quoted at $183.90 intraday Monday, up 14.26% from the $160.95 close on June 12. The company’s market capitalization sits near $2.52 trillion, making it instantly one of the largest listings on any U.S. exchange. Picker emphasized the retail story. “Friday saw the highest retail order activity for an IPO auction ever,” she noted, citing Citadel Securities data.