SpaceX plans to sell 555.6 mln shares at a target IPO price of $135 per share to
raise roughly $75 bln, a source familiar with the matter said. Earlier reports
said the company is targeting a $1.75 tln valuation and to raise at least $75
bln. Setting a specific price before the roadshow is highly unusual; companies
normally set a price range during the roadshow and finalize pricing the day
before listing. SpaceX’s roadshow begins Thursday local time; potential
investors will meet executives while banks seek to build demand for a record $75
bln order book.
