BlockBeats News, June 14th, SpaceX's milestone IPO on Nasdaq proceeded smoothly, putting Wall Street at ease and setting a new template for traders and exchanges to prepare for later this year's massive IPOs of OpenAI and Anthropic.

SpaceX set a record-breaking IPO size on Friday, nearly three times larger than the previous largest IPO on the American exchange, but the trading systems of underwriters, exchanges, market makers, and other institutions held up well to process millions of customer orders. Looking back at the disastrous Facebook IPO debut in 2012, technical issues left investors and brokers stranded for hours. This time, Morgan Stanley, as the "stabilizing agent," played a key role in managing the opening process.

Citadel Securities stated that SpaceX's IPO resulted in the highest retail order auction activity ever. Nasdaq CEO Friedman remarked that all parties cooperated well, were well-prepared, and the trading was "flawless."