Price Officially Set At $135 As Retail Orders Top $100 Billion (Live Updates)
SpaceX has finalized its IPO price at $135 per share amid record-breaking retail demand exceeding $100 billion. The offering faces scrutiny from regulators and politicians like Senator Elizabeth Warren regarding governance and valuation concerns.
Why it matters
As one of the most anticipated public offerings in recent history, the SpaceX IPO tests market appetite for space-tech and raises questions about corporate governance in founder-led firms.
Topline SpaceX on Thursday officially set its IPO price at $135, as retail traders have reportedly submitted orders for more than $100 billion in SpaceX shares, likely shattering investor demand records in the highly anticipated trading debut for Elon Musk’s firm.
The article balances the excitement of the IPO with the critical perspective of regulatory concerns.
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