On June 12, SpaceX started trading publicly. By the end of its third day on the market, retail investors had bought more shares of the rocket company than they had of Apple, Amazon, Nvidia, Microsoft, Alphabet, Meta, and Tesla combined.
That’s not a typo. One company, three days old on public markets, outpaced the entire Magnificent Seven in retail net buying. According to Vanda Research, SpaceX absorbed roughly $117 million in retail purchases on its debut day alone, accounting for 56% of all single-stock retail equity purchases across the entire US market that session.
The numbers behind the frenzy
SpaceX priced its IPO at $135 per share on June 11, giving the company an estimated valuation of $1.75 trillion before a single public trade was executed.
Shares surged to around $193 in the sessions following the debut, a 43% gain from the IPO price.
