SpaceX sets the IPO price at $135 per share, according to reports from Bloomberg and Channel NewsAsia. The company plans to raise roughly $75 billion by selling shares to the public at this fixed price. Both outlets describe the move as a departure from a traditional Wall Street process, in which pricing is typically set after marketing and book-building. In this case, SpaceX establishes the price ahead of the marketing phase of the offering. Bloomberg frames the decision as another example of SpaceX rejecting established conventions as it prepares to go public. Channel NewsAsia similarly highlights that the pricing approach upends the usual method for determining an IPO’s initial price. The reports align on the key terms of the offering—an IPO price of $135 per share and an estimated total fundraising amount near $75 billion—while focusing on the timing of pricing relative to the marketing process.
SpaceX sets $135 IPO price, raising about $75 billion and breaking convention
SpaceX sets the IPO price at $135 per share, according to reports from Bloomberg and Channel NewsAsia. The company plans to raise roughly $75 billion by selling shares to the public at this fixed pric...
- SpaceX sets the IPO price at $135 per share.
- The planned IPO aims to raise about $75 billion.
- The offering uses a fixed IPO price set before the marketing phase.
- The approach is described by outlets as breaking from typical Wall Street IPO convention.
- The reports come from Bloomberg and Channel NewsAsia.
SpaceX plans to offer shares at $135 apiece to raise $75 billion in its IPO, rejecting yet another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. Bloomberg's Katherine Doherty joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
2 months ago
Doctor lists warning signs for when abdominal pain may require hospital care
Medical outlets report that a gastroenterologist highlights several warning signs that stomach pain can signal a more se...
Bessent expands Treasury bond buybacks after long-dated yields rise to multi-decade highs
U.S. Treasury Secretary Scott Bessent expands the department’s buybacks of long-dated Treasury securities after yields o...
Miley Cyrus pays tribute to late godmother Dolly Parton at age 80
Miley Cyrus mourns the death of her godmother and mentor, Dolly Parton, who dies at 80. Multiple outlets report Cyrus po...