Elon Musk's aerospace company SpaceX disclosed in a Wednesday SEC filing that it has fixed its initial public offering price at $135 per share, consistent with earlier insider reports. The move comes as the company prepares to launch its formal IPO marketing efforts.
SpaceX plans to issue 555.6 million shares, seeking to raise $75 billion in what would be one of the largest public offerings in history. Unusually, the company set the offering price before beginning the typical roadshow process, where firms usually test a price range to assess demand.
A Departure from Conventional IPO Pricing
In most IPOs, the issuer and underwriters first propose a range—perhaps $130 to $140 per share—and then gauge investor appetite through weeks of meetings. The final price is then set based on collected orders. SpaceX’s decision to lock in $135 from the start is a rare fixed-price strategy. It means all investors will buy at the same level, removing the risk of pricing revisions and signaling that SpaceX and its advisors have full confidence in the company’s valuation and the strength of demand.
Valuation, Ranking, and Nasdaq Debut
At $135 per share, SpaceX would be valued at $1.77 trillion. That would rank it as the seventh-largest publicly listed U.S. company, surpassing Tesla’s roughly $1.6 trillion market capitalization. Both companies are led by Musk, underscoring the magnate’s dominant footprint in capital markets. The IPO is set to list on the Nasdaq on June 12. The information was sourced from Jinshi Data.