SpaceX is now public

Article excerpt

SpaceX began trading publicly on Nasdaq on June 12th at $135 per share in what the company is billing as the largest initial public offering in history, seeking to raise $75 billion under the ticker SPCX. Elon Musk's rocket company's IPO marks a milestone for the commercial spaceflight industry, though the offering has proven contentious. The headline price masks a reality most retail investors will face: significantly higher costs to actually buy shares, a common dynamic in oversized IPOs where institutional buyers get preferential access.