While the stock market officially opens at 9:30 AM ET, SPCX will not start trading at that exact time. Due to the $75 billion listing, the Nasdaq must run a massive “price discovery” process. Underwriters (led by Goldman Sachs) will manually match buy and sell orders to find a stable equilibrium before releasing the stock to the public. The first public trades for SPCX will likely start late in the morning or early in the afternoon ET—usually sometime between 11:30 AM and 1:30 PM ET. If you are waiting to buy shares on your favorite trading app, just keep refreshing your screen around midday. It will go live the moment that behind-the-scenes math is settled!
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