SpaceX began trading on Nasdaq with volatile early action, with one report saying the stock moved above $160 after pricing at $135 in the previous night’s offering.
CNBC reported that the company was raising $75 billion in what it described as a record-setting IPO, saying shares were being sold at $135 each ahead of the debut.
Separate reporting from Cointelegraph said a tokenized IPO campaign tied to SpaceX drew $557 million on Binance before the market debut, highlighting interest from crypto markets.
Taken together, the reports point to strong demand around the listing and to additional trading interest through tokenized products ahead of the debut.