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SpaceX Surges 15% Intraday, Total Market Value Tops 2.4 Trillion. Underwriters Fully Exercise Over-Allotment Option, Morningstar Sees Short-Term Upside for Stock Price

SpaceX Surges 15% Intraday, Total Market Value Tops 2.4 Trillion. Underwriters Fully Exercise Over-Allotment Option, Morningstar Sees Short-Term Upside for Stock Price

Tradingkey – On June 15, during U.S. intraday trading, SpaceX ( SPCX) rose to as high as $188.8, hitting a new high since its listing. As of press time, it was up over 15.09% at $185.24, with a market capitalization of $2.42 trillion, ranking sixth in the U.S. market value rankings, trailing only Amazon ( AMZN )’s $2.65 trillion market cap.

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In terms of news, SpaceX’s underwriters exercised their over-allotment option, bringing the total fundraising size to $85.7 billion, continuing to set a new historical record for global IPOs.

According to data from financial analysis firm Vanda Research, retail investors secured approximately 20% of the IPO allocation and made net purchases of SpaceX stock worth up to $117.6 million on the first day of…

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