SpaceX IPO sparks 43% 2 day rally, company valued $2.5tn
Business
SpaceX just pulled off a blockbuster IPO: shares shot up 43% in two days, pushing the company's value to a massive $2.5 trillion.
The excitement was real, with people requesting over $100 billion worth of shares, according to Bloomberg.
Robinhood 855,424 wanted, applicants received shares
Retail investors made a big splash: Robinhood alone saw 855,424 customers wanting in, and Robinhood confirmed every customer who applied through its IPO Access platform got at least one share.
Demand was high worldwide too: Japanese investors received $2.2 billion in shares, while UK and European buyers got smaller allocations despite strong interest.
Notably, some regions like South Korea missed out entirely.