SpaceX (SPCX) Begins Trading on Nasdaq After Record IPO
Speakers
Anthony Hughes
— Bloomberg Reporter
Summary
Bloomberg's Anthony Hughes reacts to SpaceX's record IPO as trading begins on Nasdaq. The stock priced at $135, opened at $158 with an 11% first-day gain. Hughes explains the stabilization process, lockup structure, retail demand dynamics, and the possibility of a future Tesla merger. He also notes Musk's rapid filing speed as a positive signal.
- SpaceX IPO priced at $135, opened at $158, an 11% gain.
- Morgan Stanley acted as stabilization agent to set a fair opening print.
- First-day volume expected heavy, with 70% of shares allocated to long-term investors.
- About 20% of the deal went to retail, with Robinhood and other platforms seeing high demand.
- Lockup structure staggered over one year, Elon Musk locked up for a full year.
- Market expects a potential Tesla-SpaceX merger for robotics synergy and dual-class control.
- Musk's fast IPO execution underscores operational advantage.
Ideas
Tesla merger with SpaceX expected.
The market expects SpaceX to merge with Tesla, driven by robotics synergy and Elon Musk's desire to control a bigger entity through SpaceX's dual-class structure that Tesla lacks, though timing is uncertain and the deal would take a while.
SpaceX executes faster than average companies.
SpaceX under Elon Musk got the IPO filings, roadshow, and S-1 drafted and filed much faster than the average company, demonstrating superior operational speed and execution capability.
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This Bloomberg Markets video, published June 12, 2026, features Anthony Hughes discussing TSLA, SPCX. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Anthony Hughes · Tickers: TSLA, SPCX