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DecentralDex Ventures

06/17 10:16

🔴 SpaceX's first trading day was ABSOLUTELY WILD:

Retail investors purchased a net $93.8 million of SpaceX shares on its debut day, the largest single-day net retail purchase at any IPO on record, according to Vanda Research.

$SPCX also accounted for ~4% of all single-stock retail turnover on Friday, with net purchases running at more than 3.5 TIMES the pace of the next most purchased stock, Nvidia.

SpaceX closed its debut session at $161.11, having priced at $135 and opened at $150, giving the company a market capitalization of ~$2.20 trillion, the 6th largest among publicly traded US companies, behind Amazon $AMZN at $2.54 trillion and ahead of Broadcom $AVGO at $1.81 trillion.

At this valuation, SpaceX is ~$700 billion larger than Tesla $TSLA and more than twice the size of Eli Lilly $LLY, Micron $MU, and Berkshire Hathaway $BRK.B.

Retail investors showed up for SpaceX in a way not seen at any IPO in recent history.
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