What the SpaceX IPO means for UK investors: Your questions answered

It’s lift off for SpaceX. Investors can now trade in Elon Musk’s rockets and AI company, after it made history with the biggest stock market listing ever.

SpaceX began trading on the US’s tech-focused Nasdaq index, at 2.30pm UK time today, with the ticker SPCX. 

Ahead of the listing it sold 555.6million shares at $135 (£100) each, raising $75billion and valuing the firm at a mammoth $1.77trillion.

SpaceX shares opened at $150, 11 per cent higher than the initial $135. SpaceX shares climbed later to trade at $167 – up 24 per cent on the IPO price. 

Demand for shares in Musk’s firm, which

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