SPCX Remains Above IPO Price After Trading Opens; Investors Look to Options and Indexes
Space Exploration Technologies Corp. grabbed attention among new listings after its blockbuster IPO. The company set SPCX at $135 a share, bringing in $75 billion. The stock quickly traded higher—latest quote was $160.95, putting SpaceX nearly 19% above the issue price. Early investors sat on quick gains, while latecomers paid up compared to the IPO allocation.
