The main equity indexes were mixed this morning, ahead of the debut of Elon Musk's SpaceX as a publicly traded company. The size and the scope of it were not sufficient to cover the market's questions about the war in the Middle East, inflation and simpler things such as seasonality. Indeed, the biggest initial public offering (IPO) in stock market history happened on a Friday weeks into Wall Street's traditional summer trading period.
SpaceX (SPCX) started trading at about 11:45 am Eastern Standard Time and immediately popped 11.1% from its $135 offering price to $150. SPCX closed up 19.2% at $160.95, making Elon Musk the world's first trillionaire. We're following everything about the explosive debut on our live SpaceX IPO blog.
