Bailey Lipschultz, Bloomberg News IPO reporter, discusses the smooth opening of the SpaceX IPO, noting the stock opened 11% higher and is now up near 30%. He highlights that 300 million shares have traded, the float is 555 million, and there were no major plumbing issues. He contrasts this with Facebook's 2012 IPO which opened 11% but finished flat, suggesting SpaceX's debut is more robust. He also notes the unusual lockup structure: Elon Musk's 6.4 billion shares are locked for a full year, while others are staggered, with 20% of existing shares free after Q4 2026 earnings.