Analyst Turner said pre-open indications have run for more than 90 minutes but the actual market open for SpaceX may still take several hours. Delayed starts are common for high-demand IPOs — last month Nasdaq-listed AI chipmaker and data-center operator Cerebras began trading around 1:00 p.m. NY time, nearly three hours after its first trade indications. SpaceX’s indicative opening price has drifted down to about $150, but remains more than 10% above the $135 IPO issue price.