No Visible Hiccups in Early SpaceX Trading -- WSJ

Dow Jones
Yesterday

By Corrie Driebusch

SpaceX's stock opened up 11% from its IPO price earlier than some expected, a little before noon on Friday, with no visible hiccups. It's a relief for those who had wondered whether the market machinery could handle the largest IPO of all time.

Nasdaq has practiced with mock openings to make sure its trading platform was prepared.

In the opening trade, 58 million shares changed hands, according to a person familiar with the matter, around 10% of the number of shares sold in the IPO. That's the target percentage bankers say they want to see for a stable stock opening.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 12, 2026 12:09 ET (16:09 GMT)

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