SpaceX set a fixed price of $135 per share for its initial public offering on Wednesday, June 3 [1].
The move deviates from standard Wall Street practices by bypassing the traditional price-discovery process. This allows the company to raise significant capital while maintaining tighter control over the entry price, reflecting Elon Musk's unconventional approach to fundraising [1], [2].
The company is targeting a valuation of $1.75 trillion [2], [3]. This figure follows a period of substantial growth, with SpaceX reporting sales of $18.5 billion last year [4].
By fixing the price, SpaceX avoids the volatility and speculation often associated with the lead-up to a public debut. The strategy aims to minimize the influence of institutional traders who typically negotiate prices during the IPO roadshow [1].
Jim Cramer said the market will "break down" in response to this departure from convention [1].
According to the current timeline, the pricing date is set for June 11, 2026 [3]. The company's shares are expected to make their trading debut on June 12, 2026 [3].
The IPO comes as SpaceX continues to scale its launch capabilities, and satellite internet services. The fixed-price model suggests that Musk believes the demand for shares will far exceed the supply, regardless of the specific price point set by the company [1], [2].
“SpaceX set a fixed price of $135 per share for its initial public offering”
This IPO structure represents a direct challenge to the investment banking establishment. By eliminating the price-discovery phase, SpaceX is treating its public debut more like a private funding round than a traditional stock offering. If successful, it could provide a blueprint for other high-valuation 'unicorn' companies to go public without granting Wall Street banks the typical leverage to dictate pricing.
