SpaceX IPO Breaks Traditional Wall Street Listing Norms
Elon Musk is preparing to take SpaceX public this week with a record 75 billion dollar listing that targets a 1.8 trillion dollar valuation. The rocket maker is bypassing standard price discovery and offering a large retail tranche while ensuring Musk retains over 85 percent of voting power.
SpaceX is set to go public this week with a record $75 billion listing that bypasses traditional Wall Street IPO mechanics. The SpaceX offering targets a $1.8 trillion valuation at a fixed price of $135 per share. This strategy represents a significant departure from how mega-cap companies typically transition to public markets.
