SpaceX Sets $135 IPO Price, Challenging Traditional Wall Street Conventions

SpaceX has taken another unconventional step ahead of what could become the largest public offering in history, setting its IPO price at $135 per share a full week before its planned market debut a move that breaks with long-established Wall Street practices.

The early pricing announcement has few, if any, precedents among major U.S. initial public offerings and highlights CEO Elon Musk’s reputation for disrupting traditional industries and financial norms alike. Despite concerns over the company’s rich valuation, investor enthusiasm appears strong.

According to the company’s amended IPO filing, SpaceX aims to raise $75 billion through the offering, potentially valuing the company at around $1.75 trillion. If achieved, the valuation would immediately place SpaceX among the ten most valuable publicly traded companies in the United States.

The company is scheduled to begin its investor roadshow on Thursday, with final pricing expected on June 11. Shares are expected to start trading on the Nasdaq the following day.

Beyond pricing strategy, SpaceX has rewritten several other IPO conventions. The company plans to allocate a larger portion of shares to retail investors, pursue faster inclusion in major stock indexes and maintain governance structures that preserve significant founder control.

Market participants say the company’s approach reflects both confidence and the unique position SpaceX holds in global markets.