Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses SpaceX’s IPO. Shares of SpaceX climbed in their first day of trading after the company made history with a $75 billion IPO. The stock sold for $150 in its opening trade on Nasdaq, 11% above its $135 offering price, and climbed as high as $168.75. -George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, &amp; Airlines Analyst, discusses SpaceX’s IPO. According to Bloomberg Intelligence: The strongest 2Q revenue growth should come from xAI, as the Anthropic data-center deal adds $1.5 billion and propels SpaceX sales to $7.3 billion. -Ross Hamilton, Chief Operating Officer at Space Network, discusses the broad impact of SpaceX’s IPO, and the space economy. See omnystudio.com/listener for privacy information.

SpaceX Jumps in First Trades Following Record $75 Billion IPO

Bloomberg Intelligence

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Listen on demand wherever you get your podcasts or watch us live on YouTube. We got this thing trading. It's now trading. It priced at 135, opened at 150, here at 156. Anthony Hughes, Bloomberg U.S. equity capital markets reporter. What do you think here, Anthony? Well, I think, you know, 11% gain on the first trade is probably a number that would, for most IPOs, would be considered, you know, what you would hope to achieve.

But, you know, in the sense that this IPO, there's a lot of hype and enthusiasm and a lot of people involved in this deal. I think maybe people were hoping for a bigger number. I really like the fact that you started there because the headlines were crossing as of the first 30 minutes of trade. And the initial headline was that it was indicated to open at $175 a piece. And it's been steadily going down. We've gotten headlines about, you know, oh, now it's $174. Now it's $172. Now it's $170.

SpaceX Jumps in First Trades Following Record $75 Billion IPO

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SpaceX Jumps in First Trades Following Record $75 Billion IPO

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.