‘Praise The Lord’: Traders Feel Lucky to Get a Piece of SpaceX

Investors and retail traders from across the US and around the world were glued to their screens on Friday as Elon Musk’s SpaceX started trading in the stock market after the biggest initial public offering in Wall Street history.

“The atmosphere is electric! It feels just like it does when tip off is kicking off for a Knicks playoff game,” R.J. Grant, global head of equity trading at Stifel Nicolaus said by phone in New York. “It’s also interns and new hire season as we get into the summer, so there’s a lot of bright-eyed and bushy-tailed, young ...