Elon Musk Tears Up IPO Rulebook: SpaceX Fixes Share Price Before Investor Meetings
Elon Musk is bringing his pioneering business style to the IPO world this week when his rocket and satellite maker SpaceX goes public, in ways that no other company has. SpaceX is targeting a roughly $1.8 trillion valuation and the price of $135 per share is not up for discussion. SpaceX set the price before meetings with investors at a roadshow, which Wall Street always uses to test demand and set a price range. SpaceX is expected to price on June 11 and to trade on Nasdaq the next day. Analysts say the scale of the offering, combined with Musk's profile and SpaceX's exposure to rockets, satellites and artificial intelligence, was likely to fuel strong demand. Watch. #spacexipo #spacex #elonmusk #starlink #wallstreet #unitedstates #investment #investors #india #bigbull #sharemarket #dalalstreet #unitedstates #usnewslive #ipo #businessnews #economy