Clarification: U.S. stock IPOs often only start trading a few hours after the market opens, and SPCX is still in the order-matching stage.

BlockBeats News message: On June 12, according to publicly available information, the first trade of SpaceX’s IPO will begin a few hours after the U.S. stock market opens. Currently, SPCX is still in the order matching and auction inquiry stage. This is also why Nasdaq has lowered its opening indicated price for SPCX from the high of $175 to $162; this price is currently fluctuating with order matching.

Based on historical experience, large-scale IPOs usually begin trading after 12:00 PM Eastern Time.

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