SpaceX Sticks to $135 IPO Price Despite Market Pressure

SpaceX has informed its underwriting banks that it will not adjust its planned initial public offering (IPO) price of $135 per share, according to sources familiar with the matter.

The company, led by Elon Musk, is proceeding with its massive public listing at the fixed valuation even as traditional IPO processes typically allow pricing to shift based on investor demand during the roadshow phase.

The decision signals Musk’s intent to maintain tight control over what could become one of the largest IPOs in market history, with the offering expected to value SpaceX at around $1.75 trillion and raise approximately $75 billion.

Despite the firm stance, sources note that the pricing could still change before the final listing. However, current investor engagement appears strong, with reports indicating heavy demand and unusually high interest from institutional investors during the ongoing roadshow.

Analysts say the IPO’s structure breaks from Wall Street tradition, where pricing is usually adjusted to balance demand and ensure stable first-day trading performance.

SpaceX is expected to debut on public markets around June 12, pending final execution of the offering.