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The launch was smoother than many observers expected, with trading kicking off late on Friday morning, swinging for most of the session between gains of 15% and 30% above Thursday's pricing with little in the way of volatility. Shares ended the day at about $161 a share, up 19%, making SpaceX the sixth-largest U.S. company, though the final settlement pr...
The success of SpaceX's IPO, which was accompanied by significant volatility but ultimately ended with strong gains, highlights the continued interest and investment in space exploration and technology. However, concerns about the company's high valuation relative to its financial performance raise questions about the long-term sustainability of this growth. The allocation of a larger percentage of shares to retail investors is also noteworthy, as it may indicate a shift in market dynamics towar...