TradingKey – As of June 15, SpaceX (NASDAQ: SPCX) is trading at $171.91. This comes decisively after the company’s June 12 IPO debut, where the stock opened at $150, climbed intraday past 30% to $176.52, and wound up its maiden session at $160.95, which is 19.2% ahead of the $135 IPO offer price. June 15 also marks the official settlement date of the IPO, at which time the underwriters’ overallotment option, representing another 83.3 million shares at the IPO price of $135, becomes exercisable for a 30-day period. The overallotment and initial stabilisation of the issue have been handled by Morgan Stanley.

SPCX initially opened on 58 million shares on a broadly supported order book including long-only positions, active trade orders,…