Lates News

According to sources familiar with the matter, SpaceX has informed the banks responsible for its $75 billion IPO that the company has decided to use a price of $135 per share for the initial public offering. This price was disclosed in the revised IPO documents on Wednesday. This decision indicates that Musk is determined to lead the largest IPO in history according to his own wishes, breaking away from Wall Street's traditions. Although sources emphasize that there may still be variables in this decision before the official listing. SpaceX launched its IPO roadshow on Thursday. During the roadshow, the underwriters and their banks typically collect feedback from investors, then hold a meeting the day before the stock officially trades to finalize the IPO price. Three sources described the market demand for SpaceX stock as "extremely hungry". SpaceX is expected to officially list for trading on June 12th.