The largest IPO in human history goes live in a few hours.
The numbers are getting crazier by the minute.
Priced at $135. $75 billion raised. $1.75 TRILLION valuation confirmed last night.
Retail investors alone submitted over $70 billion in orders. That's nearly the entire offering. From regular people.
BlackRock put in an order for $5 billion. Ron Baron says it's worth $30 trillion by 2040. Jim Chanos says the valuation is "hopes and dreams."
Here's the detail almost nobody is talking about: only 4% of the company actually floats today. And MSCI adds SPCX to its indexes TOMORROW meaning index funds are forced buyers on day two.
Tiny float. Forced buying. Record demand. You do the math.
9:30 AM. Ticker: SPCX. Nobody alive has watched anything like this open.