Key facts
- SpaceX will maintain its IPO price at $135 per share.
- The company's IPO is valued at $75 billion.
- Investor demand for the IPO has been described as insatiable.
- SpaceX began its IPO roadshow on Thursday.
- The trading debut is expected on Friday, June 12.
SpaceX has informed its banking partners of its decision to maintain the initial public offering (IPO) price at $135 per share. This valuation sets the company's potential IPO at $75 billion, which would make it the largest IPO on record. Sources familiar with the roadshow described investor demand as 'insatiable,' with analysts fielding up to 20 calls a day from investors, exceeding the typical 10 to 15 for in-demand offerings. The company began its IPO roadshow meetings with investors on Thursday. The trading debut is expected on Friday, June 12. While the decision to hold the price is firm, sources stressed it is subject to change before the IPO takes place.