SpaceX IPO: Closing Share Price Up/Down on First Day?
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Description
SpaceX IPO closing price on its first day to be Up if the official closing price is greater than or equal to the official opening price listed by the primary exchange. If the session is interrupted, uses the official closing price of the abbreviated session; if unavailable, uses the next trading day with both opening and closing prices.
This market will resolve to “Up” if SpaceX's closing share price on its first day of trading is greater than or equal to the opening share price on that day. Otherwise, it will resolve to “Down.”
The official opening price as listed by the primary exchange will be considered the opening share price for the purposes of this market. The IPO offer price, or the price of any transaction not on the primary exchange, will not count for resolution of this market.
If no SpaceX IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to 50-50.
Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.
In the event of an interruption in the course of the normal trading session on SpaceX’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official opening or closing price is published, the market will resolve according to the next trading day on which both an official opening and closing price is published, treating that as the first day of trading for purposes of this market.