SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention
SpaceX has set a $135 price for its upcoming IPO, challenging traditional Wall Street practices. This decision reflects Elon Musk's unique approach to fundraising, aiming to raise a record $75 billion and achieve a valuation of $1.75 trillion. The company is also planning to involve retail investors more significantly in the allocation process.
- ▪SpaceX's IPO price of $135 is unprecedented for major U.S. IPOs.
- ▪The company aims to raise $75 billion, the highest amount ever for an IPO.
- ▪Trading in SpaceX shares is expected to begin on the Nasdaq following the investor roadshow.
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