finance
Retail Investors Bought $405 Million of SpaceX Stock in First Five Days
Retail purchases of SpaceX shares reached $405 million during the first five trading sessions after the company's public debut. The total surpassed the combined first-week purchases of the seven largest technology stocks and two major exchange-traded funds.
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Retail investors purchased $405 million worth of SpaceX shares during its first five trading sessions, according to Vanda Research. The amount marked the largest first-week retail purchase of any initial public offering on record. The second-largest first-week total belonged to Rivian, which drew $185 million in November 2021.
That figure was less than half of SpaceX's opening-week volume. SpaceX's retail inflow also exceeded the combined purchases of the seven largest technology stocks, which totaled $158 million over the same period. It further surpassed the $352 million bought last week in the S&P 500 ETF and the Nasdaq-100 ETF combined.
No previous stock debut has generated comparable retail demand, Vanda Research stated.
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