SpaceX fixes IPO at $135 before roadshow
June 2026 — SpaceX broke convention by fixing IPO price at 75bn raise across ~555.6M shares. Valuation ~$1.75tn. Nasdaq debut SPCX expected June 12.
Fixed pricing assumes demand that roadshows normally test. Proceeds partly for AI computing alongside Starlink. Dual-class structure preserves Musk voting control per S-1.
Risk: no price range to retreat to if book underfills.