SpaceX Post-IPO: Something Big May Happen in 15 Days. Here's What It Means for You.
Written by Adria Cimino for The Motley Fool -> SpaceX stock soared on its first day of trading, and the company reached a $2.1 trillion market value. Investors seeking growth have been eager to get in on SpaceX due to its focus on innovation, with businesses spanning rocket lau
SpaceX stock soared on its first day of trading, and the company reached a $2.1 trillion market value.
Investors seeking growth have been eager to get in on SpaceX due to its focus on innovation, with businesses spanning rocket launches and artificial intelligence.
SpaceX (NASDAQ: SPCX) wowed the market when it raised $75 billion in a record initial public offering last week. The stock climbed 19% during its first trading session, bringing the company to a market value of more than $2.1 trillion. That offers it a spot among the world's biggest tech companies, from the $1.5-trillion Tesla -- which, like SpaceX, is also an Elon Musk-led company -- to the $4.9 trillion Nvidia .
Investors rushed to get in on the company for exposure to its three growth businesses of artificial intelligence (AI), rocket launches, and satellite-based connectivity. The company has huge goals, from placing data centers in space to colonizing Mars. In a livestream on IPO day, Musk said the company was entering a major growth phase -- this suggests the coming years could be an important time for SpaceX and its shareholders. Some investors might also be eager to get involved in a company led by Musk, given his long track record of innovation and perseverance at the helm of Tesla.
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Of course, right now, investors are wondering what may happen next in the near term following SpaceX's exciting market debut. Well, exactly 15 days post IPO, something big may happen. Let's check out what it means for you.
So, first, let's consider the SpaceX IPO story so far. The company announced the operation earlier this spring and put an emphasis on making this a significant event for retail investors. While 5% to 10% of IPO shares generally are offered to these small non-professional investors, SpaceX aimed for as high as 30%. A source told CNBC that this figure settled at about 20%, which is still a considerable portion of shares.
Investors clearly were interested in the operation, as a Bloomberg report said it was oversubscribed by four times. This means there was significantly more demand than supply, suggesting that investors who didn't get in on the IPO may aim to buy shares in the first days of trading. All of this could push SpaceX stock higher in the coming week.


