Retail investors bought $15 billion worth of SpaceX stock. Demand was at least 6 times that amount

About $15 billion of the funds raised by Elon Musk's space company SpaceX in its IPO went to retail investors, Nasdaq President Nelson Griggs told CNBC. He said the share of retail investors in the space company's offering was higher than most IPOs. At the same time, demand from this category of investors exceeded $100 billion, but most of the applications remained unsatisfied, Bloomberg reports.

Griggs noted that the beginning of trades was faster and more effective than expected. Morgan Stanley Bank played a leading role in stabilizing trading, and the stock opened at $150 on volume of 58 million securities. "We very efficiently achieved the bid volume that the company was hoping for," he said.

The Nasdaq president also emphasized that the demand for the IPO was "incredible." The order book included long-term institutional investors, active traders and private investors. According to Griggs, the high interest from retail investors could be due to the popularity of Tesla, which traditionally has a high proportion of private investors among its shareholders. Other companies preparing to go public are likely to study the experience of SpaceX as an example of how the market can successfully accept the IPO of a company with mega-capitalization, said the president of Nasdaq.

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