Today’s session will also include the eagerly anticipated IPO of SpaceX.
A filing yesterday showed the company will sell 555.6 million shares at $135 per share, making it the largest IPO in history and putting the company’s valuation at $1.77 trillion.
Enthusiasm around the IPO has sent other space and rocket names sharply higher in recent sessions, though some analysts have posited it could be responsible for the recent choppiness across tech and mega-cap names, as investors look for a source of funds to reallocate.