Analyst: SpaceX's Actual Opening May Still Take Some Time, Such Delays Are Normal for IPOs of This Scale

On June 12, analyst Turner stated that we have observed trading indications for over 90 minutes, but SpaceX's actual stock opening may still take a few more hours. This is quite common for initial public offerings (IPOs), especially for those with high investor demand like this one. AI chip manufacturer and data center operator Cerebras went public on an exchange last month, starting trading around 1 PM New York time, nearly three hours after its initial trading indications were released. However, it is worth noting that SpaceX's current indicative opening price is still on a downward trend, recently dropping to around $150, but still over 10% higher than its IPO issue price of $135.