Business
What’s Next For SpaceX
The IPO is done. Trading has begun. The SpaceX drama, however, is just beginning.
SpaceX completed its record-setting IPO on Thursday, and it closed just under $161 on Friday, up 19% from the $135 IPO price, valuing Musk’s rocket company at $2.1 trillion.
Now investors have to brace for SpaceX to be included in the Nasdaq 100 inclusion, which should happen in two weeks. That will drive $7 billion to $10 billion in buying. After that, the company will release its first quarterly earnings report, likely in July. That will be an event unto itself. After that, some shares will start to come off lockup, increasing the number of shares available to trade.
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