SpaceX Sets $135 IPO Price
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Fidelity says investors only need $2,000 in their accounts to buy SpaceX stock at its IPO. SpaceX has earmarked more stock for retail than usual.
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SpaceX IPO draws record Wall Street fanfare, but valuation math gives analysts pause
SpaceX is set to launch the largest IPO in U.S. history as early as June 12 at a valuation near $1.75 trillion. With more than 555 million Class A shares set to be listed at $135 each, with the aim of raising roughly $75 billion,
By Tatiana Bautzer and Nupur Anand NEW YORK, June 4 (Reuters) - Wall Street's investment banking giants are feting investors at splashy investor events that kicked off on Thursday, giving hopeful SpaceX buyers something most banks can't: access to the rocketmaker's top executives ahead of its blockbuster IPO next week.
The company added a warning to prospective investors that a major dilution could be in the cards after it goes public.
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
SpaceX plans to offer shares at a fixed price of $135 in its initial public offering next week, which would mean the largest IPO in history for Elon Musk's commercial space company.
Retail investors are expected to play a big role SpaceX's upcoming IPO, but that means it's likely to be more volatile than other trading debuts.
SpaceX set out its IPO pitch to retail investors early on Thursday with a video in which Chief Financial Officer Bret Johnsen joins the dots between the company’s rocket, satellite and AI businesses.
More than 50 new Starlink satellites are now in orbit after launches from California and Florida.
The company plans to sell shares at $135 apiece, eschewing the norm of setting a price range and incorporating investor feedback.