Mike Lomas On The Recent Rally In Stocks

SpaceX went public on June 12th, listing on the Nasdaq under the ticker SPCX. At roughly a $1.77 trillion valuation on its offering price, it was the largest initial public offering in market history, more than triple the previous U.S. record. For anyone who owns U.S. equities, it is worth understanding how the stock fits into the major indexes and what that means for the holdings you already own.

This breakdown covers the price action, trading volume, index flows, and the outlook over the coming months and years.

The long-awaited SpaceX IPO has finally arrived, and it has generated exactly the kind of attention many expected. Since the company’s public debut, we’ve received questions from clients and investors eager to understand whether now is the right time to buy, hold, or wait.