SpaceX IPO is LIVE Updates

More than $276 million has been wagered on SpaceX’s stock performance before trading begins, highlighting strong conviction on both sides of the market. The largest bullish position is a $33.8 million long bet by trader 0x9cc, followed by several other multimillion-dollar wagers.

On the bearish side, trader 0x051 holds the biggest short position at $7.9 million. The imbalance between long and short positions suggests traders are broadly optimistic about SpaceX’s debut, though significant bets against the stock indicate expectations of volatility after listing.

SpaceX began trading on Nasdaq under ticker SPCX at $135 per share, valuing the company at $1.77 trillion. The IPO raised $75 billion and attracted more than $250 billion in investor demand.

More than 4,400 current and former employees are expected to become millionaires through stock holdings, including about 400 with stakes exceeding $100 million. Many beneficiaries are engineers, welders, and technicians who accumulated shares through equity compensation programs.

The IPO highlights the long-term value of employee stock ownership and could reshape wealth creation in regions with large SpaceX workforces, including Starbase, Texas.

Investors are drawing parallels between the upcoming SpaceX IPO and Coinbase’s 2021 market debut. Before Coinbase listed, Bitcoin surged more than 1,200% from March 2020 and later fell about 50%. Ahead of the SpaceX IPO, the S&P 500 has gained more than 50% over the past year. The comparison is raising expectations that markets could enter a period of consolidation or profit-taking after the IPO. Whether a broader pullback occurs will depend on investor sentiment and economic conditions after the listing.