Clarification: In the US stock market, IPO first trades often begin several hours after the market opens. Currently, SPCX is still in the order matching and execution phase.

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BlockBeats News, June 12th, the first trading of SpaceX IPO usually begins several hours after the US stock market opens. Currently, SPCX is still in the order matching and price discovery stage. This is also why the Nasdaq's opening indicative price for SPCX has dropped from a high of $175 to $162, a price that is currently fluctuating as orders are matched.

Based on historical experience, large-scale IPOs usually begin trading after 12:00 pm Eastern Time.

Source: BlockBeats

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