The Nasdaq Stock Market LLC

SpaceX prices the largest IPO in history

SPCX trading live as of 10am ET June 12; options on SPCX set for June 16; Nasdaq-100 fast-entry inclusion expected approximately 15 trading days post-listing

SpaceX began trading June 12 on Nasdaq under ticker SPCX, the largest IPO by money raised. The company sold 555.6 million shares at $135 each, raising $75 billion at a $1.77 trillion valuation. Retail orders alone exceeded $100 billion, so SpaceX cut individual buyers' allocation from roughly 30% of the offering to the low 20s.

Updated Yesterday

Options market fee wars

Rule Changes

Operating six options platforms with divergent fee strategies

Options exchanges are locked in a chaotic race to recalibrate fees as their regulatory costs collide with record trading volumes. Cboe doubled its Options Regulatory Fee to $0.0002 per contract on January 2, 2026, while NYSE slashed its fee from $0.0038 to $0.0026. The whipsaw reflects a deeper crisis: exchanges collect fees based on all customer options trades cleared industrywide, not just trades on their own platforms, creating unpredictable revenue swings.

Updated May 19

Comcast locks the ledger: Versant spinoff record date sets up a new public home for CNBC, MS NOW, and USA

Money Moves

Hosting when-issued and regular-way trading for Versant Class A

The divorce is final. Comcast completed the pro rata distribution of Versant Media Group shares on January 2, 2026; on January 5, the new company began regular-way trading on Nasdaq under ticker VSNT.

Updated May 15

Medline’s $6.26B Nasdaq debut turns a PE-era debt story into a public market test

Money Moves

Listed Medline on the Nasdaq Global Select Market as MDLN

Medline's Nasdaq arrival as MDLN quickly turned from “biggest IPO of 2025” into a live market verdict. Shares jumped roughly 41% in their first session, pushing the company into a roughly $50B+ valuation almost immediately.