Romanian investors have purchased shares of Elon Musk’s company worth $15.27 million through the XTB broker, from the Friday listing debut until Tuesday inclusive, according to company data.
Romania ranks third globally among XTB subsidiaries, after Poland and the Czech Republic, as reported by Profit.ro.
"Interest in SpaceX has been very strong, and Romanians are particularly active in trading Elon Musk's company shares," said Claudiu Cazacu, a strategy consultant at XTB.
The wave of interest comes amid one of the most spectacular listings in financial market history, after SpaceX debuted on the stock exchange at a price of $135 per share. In the first days of trading, shares rose by over 40%, but on Thursday, they experienced a correction of nearly 10%, dropping to around $173 per share.
The correction comes as the initial enthusiasm of investors begins to wane after a quick evaluation temporarily propelled the company above giants like Microsoft and Amazon.
Even after the recent declines, SpaceX's market capitalization remains around $2.5 trillion, according to market data.
Romanians had access to shares not only through XTB but also through other intermediaries such as Tradeville, Revolut, and Interactive Brokers, although the presented data exclusively reflect transactions made through XTB.
In addition to market volatility, the company has announced changes in its leadership structure, including the appointment of Roelof Botha to the Board of Directors. At the same time, Elon Musk continues to hold majority control, with over 82% of voting rights.
Analysts believe that the recent fluctuations are typical for a listing of such magnitude, but the company's performance in the upcoming quarters will be crucial to confirm the current valuation and anticipated growth pace by investors.