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A quick break from crypto...
SpaceX just had one of the most explosive public market debuts in recent memory.
Retail investors poured a net $93.8 million into SpaceX shares on day one, marking the largest single-day retail buying surge ever recorded for an IPO, according to Vanda Research.
The enthusiasm was impossible to ignore. SpaceX accounted for roughly 4% of all single-stock retail trading activity on Friday, with buying pressure running more than 3.5× higher than the next most purchased stock, Nvidia.
After pricing at $135 and opening at $150, SpaceX finished its first trading session at $161.11, pushing its valuation to approximately $2.2 trillion. That makes it the sixth-largest publicly traded company in the United States, sitting behind Amazon and ahead of Broadcom.
For perspective, SpaceX is now valued around $700 billion above Tesla and more than twice the size of companies such as Eli Lilly, Micron, and Berkshire Hathaway.
Whether you're a crypto investor or a traditional market participant, one thing is clear: retail investors showed up for SpaceX in a way the market hasn't seen in years.
📈 Sometimes the biggest stories aren't on-chain.