Elon Musk’s SpaceX is reportedly breaking with Wall Street convention by establishing a fixed IPO price of $135 per share before its investor roadshow, aiming to raise a record $75 billion on a valuation of $1.75 trillion. Financial services firm Morningstar believes Musk’s company is only worth about half that amount.
Reuters reports that Elon Musk’s SpaceX plans to sell 555.6 million shares for $135 each targeting a valuation of $1.75 trillion, making it one of the most ambitious public offerings in market history. The company’s roadshow is scheduled to begin Thursday and is expected to generate significant investor interest.
SpaceX’s…
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