SpaceX targets fixed $135 IPO price at $1.75 trillion valuation
Elon Musk's space company SpaceX is targeting a fixed $135 per share price during its IPO roadshow, sources told CNBC. The valuation would place the company at roughly $1.75 trillion, making it the largest technology listing in recent years.
CNBC Top NewsAccording to CNBC, SpaceX plans an unusual step for its IPO by fixing the share price before formal investor meetings begin. Banking sources told CNBC that the $135 level would place the company at roughly $1.75 trillion, ranking among the largest US listings on record.
Musk's privately held company has grown rapidly in recent years on revenue from the Starlink satellite-internet service and Falcon rocket launches. Bank officials confirmed to CNBC that Goldman Sachs and Morgan Stanley are leading bookrunners; the fixed-price approach removes the usual price band that adjusts to investor demand.
Analysts struck a cautious note. A separate CNBC analysis reminded readers that major IPOs of recent years have typically had a rough first 12 months in the market. Wedbush analyst Daniel Ives said investors will examine the Starlink revenue outlook closely. This article is not investment advice.
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