US100 – The Biggest IPO in History Lands on the Nasdaq Today

SpaceX goes public today: $135 per share, $75 billion raised, and $1.75 trillion valuation. It's the largest IPO in history, surpassing Saudi Aramco's 2019 record. For index traders, the practical way to track this event is through the Nasdaq 100 index (US100), because SpaceX is about to join it.

Nasdaq loosened its rules so large new listings can join the Nasdaq-100 faster, and MSCI starts adding the stock to its own indexes tomorrow. Funds that track these indexes will be forced to buy.

Here's the detail that matters: only about 4% of SpaceX shares are available for trading. That's called a small float. When demand is huge and supply is tiny, the price can swing hard in both directions, and a company this size can pull the whole index with it.

The bigger picture calls for caution. The Nasdaq trades near record highs, the Fed meets next week, and history shows that giant, euphoric IPOs often arrive late in a market cycle. Enjoy the show, but manage your risk.

US100 key levels:

• Resistance: 30,000, then 30,200

• Support: 29,000, then 28,100

Watching: SpaceX's first trading days, the Fed meeting on 16-17 June, US-Iran headlines

By Born2trade market research department

Risk Disclaimer: All research and/or forecasts above reflect the author's personal opinion and cannot be treated as trading advice. Born2trade is not responsible for any trading results based on any information in this article. Trading Forex and CFDs carries a high level of risk to your capital. You may lose all of your invested funds. Forex and CFD trading may not be suitable for all investors. Please ensure that you fully understand the risks involved and, if necessary, seek independent advice.