SpaceX (NASDAQ:SPCX) set for $8.3 billion index demand as float stays tight
Space Exploration Technologies Corp heads into Tuesday with index demand still building up around the name, while the float remains small for a stock with a $2.16 trillion market cap. Shares settled at $164.19 on Monday, rising 7.15%. They traded at $163.30 in the premarket ahead of the 9:30 a.m. ET Nasdaq open. The Nasdaq market schedule lists July 3 as the next full closure for Independence Day, with June 30 open for trading. The stock is trading 21.6% above its $135 IPO price, but still sits 27.2% under its $225.64 high. SpaceX said the IPO closed June 15 after selling 638,888,888 Class A shares, including the full overallotment, for total gross proceeds of around $85.7 billion. Shares started trading