Investors Brace For SpaceX's Historic Trading Debut

SpaceX began trading on the stock exchange today in a long-awaited IPO. The debut drew the heaviest trading volume of the session, with traders focused on the company's first hours as a public stock. The listing overshadowed other market moves. A potential U.S.-Iran settlement boosted some energy stocks. Adobe shares fell after two top executives departed. SpaceX's direct listing allows existing shareholders, including employees and early backers, to sell shares immediately without a lockup period. By midday, the stock was trading above its opening price, drawing strong demand from retail and institutional accounts. The IPO marks a milestone for the private space industry, and its first-day performance will set the tone for future space-sector listings.