Space X stock market trip

Space X will soon make its debut – could soar up to 50 percent

The space company SpaceX looks set to soar between 30 and 50 percent in its stock market debut on Friday. This is shown by the so-called grey market in derivatives linked to the share, writes Bloomberg.

SpaceX's listing price is set at 135 dollars, which values ​​the company at almost 1.8 trillion dollars. Grey market indicates that the listing is expected to amount to around 2.3 trillion–2.4 trillion dollars.

Such a high valuation would make SpaceX the world's sixth largest company, writes Dagens Industri.

Traders also believe in success. According to the prediction market Polymarket, there is around a 70 percent probability that SpaceX's market value will exceed 2.0 trillion dollars after the end of the trading day.

Wall Street opens at 3:30 p.m. but it may be a while before the first trade is made in SpaceX.

Analyst: Designed for success and must be a success

When I saw Space X's valuation, I laughed so hard that wine came out of my nose, writes Financial Times' Stuart Kirk.

Kirk, who himself was a stock analyst and couldn't do the math, writes that he then laughed some more when he thought about the big bank analysts who had to justify their "buy" recommendations to clients. Goldman Sachs, on the other hand, made it easy for itself by assuming that Space X's sales will increase twenty-fivefold by 2030, writes Kirk.

Market Equities' investment manager Ben Ritchie points out that only a fraction of Space X's shares are now traded on the stock exchange.

– The IPO has been designed to provide the highest possible probability of not only a high valuation, but also a good initial trade, Ritchie tells Reuters.

It's all built on trust, and a high valuation and a successful first day of trading are important to drive trust – so achieving both is critical, Ritchie believes.

Space X shares listed on the stock exchange – Musk has become a real dollar trillionaire

After a long delay, the first stock market transactions in the merged space and AI company Space X took place and trading in the stock began 12 percent above the listing price.

After just over an hour, Space X is up 25 percent and this gives a total valuation of $ 2.2 trillion.

A recalculation of the Bloomberg Billionaires Index shows that CEO and major owner Elon Musk's personal wealth increases to $ 1.144 billion. Musk is thus the first dollar trillionaire in world history. Converted to kronor, the South African's wealth totals a little over 10,000 billion.

This is without packages and options that require things like Mars to be colonized. The sum is what Musk owns right now, and then the holdings in Space X and Tesla account for the absolute majority of the wealth. Of Musk's total wealth, a full 861 billion dollars is the ownership in Space X.