The initial public offering of SpaceX, trading under the ticker SPCX, experienced an extraordinary surge in activity immediately following its market debut. Within the first 15 minutes of the opening bell, investors exchanged 160 million shares of the aerospace company.
This high-frequency trading volume represents approximately $26 billion in total market value. On a granular level, the stock is currently maintaining a trading velocity of $1.7 billion worth of shares every minute.