SpaceX's stock price is expected to surge over 50% within just three trading days

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Golden Finance reports that on June 16th, SpaceX's stock price surged significantly in pre-market trading in the U.S., rising about 11%, potentially continuing its over 40% increase in the first two trading days as a publicly listed company. By the close on Monday, the company's market capitalization had exceeded $2.5 trillion, approaching Amazon's valuation of nearly $2.7 trillion. According to a statement released on Monday, SpaceX has exercised its over-allotment option for its initial public offering (IPO), allowing underwriters to sell an additional 83.3 million shares. This so-called "green shoe" mechanism increased the total fundraising to $86.2 billion; after deducting the $500 million underwriting fee listed in the prospectus, the actual amount raised was $85.7 billion. Data from Vanda Research shows that retail buying volume in the two days before SpaceX's listing was equivalent to the total retail buying volume of the U.S. stock market last week, alleviating some market concerns about whether such a large-scale IPO can be absorbed.
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