SpaceX's 20% Pop on Day One Points to Cautious Pricing

SpaceX priced its IPO at $135 per share in June 2026, raising $75 billion. The stock jumped 20% at open, signaling demand was stronger. A $155 price would have netted $11 billion more. Whether caution or missed signals—we'll never know. Order books stay secret. But the gap cost early shareholders real money.