Standard price-discovery auction delays SpaceX IPO trading on Nasdaq, with early indications pointing to $175 per share

@KobeissiLetter The banks that managed this massive IPO (primarily Goldman Sachs $GS and Morgan Stanley $MS ) earned a total of $500 million in commissions from this transaction alone. 👇

@KobeissiLetter finance edge usually hides in boring plumbing like this: who provides liquidity, who crosses the spread, and who gets paid for taking the other side when everyone wants in at once.

i wrote a broader breakdown of the main quant strategy archetypes here:

@shadddowfax Thank You!! I have no clue what I am doing. I just want 1 share to say that I have helped get us off this planet and into the great black! Grok is telling to not buy because it's going to be a complete cluster the first week or so.

@KobeissiLetter space tech has not changed in over a century. that means it is still very expensive to operate. until a new tech pops up i'm staying away. but that's my opinion. good luck to y'all

@shadddowfax You’d think with the compute power available today this wouldn’t be an issue.

Most retail investors think IPOs start trading at a specific time.

In reality, they start trading when supply and demand finally agree on a price.

The delay itself is often a signal.

The bigger the hype, the larger the order imbalance, and the longer market makers need to discover a clearing price.

Price discovery > clock time.

@shadddowfax Oh I thought Elizabeth Warren blocked the ipo. 😆

@KobeissiLetter Literally everyone waiting for trading to start

@KobeissiLetter If $SPCX holds $175, $SATS should hit $200 today

@KobeissiLetter READY!!

@KobeissiLetter I’m buying Bitcoin like a madman because so much of this fake value will inevitably flow to $BTC 🧡

@KobeissiLetter Expected to begin trading but NOT guaranteed shares = Wall Street's favourite scam 😂 Who actually got shares today? Be honest.

@KobeissiLetter The sheer volume of orders as well will be something unprecedented, I bet we will see some circuit breakers as well, let's see

@KobeissiLetter Everyone is waiting for the first trade. What matters more is what happens after the excitement fades. That’s where investment theses are tested.

@shadddowfax @sunrisedefi https://x.com/deitaone/status/2065390325342802061?s=46 9:50 am?

@michaellargent @shadddowfax is this a public link?

@KobeissiLetter Classic IPO ballet. The auction finds the real price, not the headline number. Delays mean demand is real — nobody's rushing to leave money on the table. Just sit tight. $SPCX will trade when the machines say it's ready.

@KobeissiLetter Would you buy a company that loses $8 / share and has a valuation of $1.8T, at $135 / shr ??

@KobeissiLetter At what price it is expected to Launched .. i think it is between 160-170$ .. @grok What say ??