PANews reported on June 12 that the frenzy surrounding SpaceX stock began on Friday. Data shows the stock is expected to open at around $171 per share, approximately 27% higher than its IPO price of $135. Trading is expected to begin midway through the trading day as exchanges need to collect buy and sell orders and underwriters will postpone transactions until supply and demand are balanced. Samuel Kerr, head of global equity capital markets at Mergermarket, stated, "Given the heat of this deal, we expect SpaceX to surge immediately upon opening, perhaps exceeding 20%. I would be uneasy if the increase was lower than that."