Key facts
- SpaceX confirmed its IPO price will remain at $135 per share.
- The company has commenced its IPO roadshow.
- Investor demand for the IPO has been described as 'insatiable.'
- SpaceX's trading debut is expected on June 12.
- S&P Global will not alter its rules for rapid entry into its major indices.
SpaceX has informed the banks involved in its initial public offering that it intends to maintain the $135 per share price. The company commenced its IPO roadshow on Thursday, engaging with investors to gauge feedback. Sources described the demand for the IPO as 'insatiable,' with analysts fielding up to 20 calls daily from interested investors, significantly more than the typical 10 to 15 seen for highly sought-after offerings. SpaceX's trading debut is anticipated for Friday, June 12. Meanwhile, S&P Global announced it will not alter the rules for rapid entry into its major indices, potentially creating a conflict with SpaceX's listing. The company aims to raise $75 billion in its IPO, valuing it at $1.75 trillion and positioning it among the top 10 most valuable U.S.-listed firms. S&P Global stated that exceptions to financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization.