SpaceX sets US$135 price for blockbuster IPO, upending Wall Street convention

SpaceX set a US$135 share price for its initial public offering, bypassing the traditional Wall Street price-discovery process and signaling Elon Musk’s preference to control fundraising on his own terms. The move is notable for IPO markets and private technology valuations, but the article provides no indication of demand, proceeds, or broader financial impact.

Analysis

SpaceX set a US$135 share price for its initial public offering, bypassing the traditional Wall Street price-discovery process and signaling Elon Musk’s preference to control fundraising on his own terms. The move is notable for IPO markets and private technology valuations, but the article provides no indication of demand, proceeds, or broader financial impact.