Sources said SpaceX (SPCX.O) has informed banks handling its $75 billion IPO
that it will use an offer price of $135 a share, disclosed in a revised filing
on Wednesday. The move indicates founder Elon Musk’s intent to control pricing
for what would be the largest IPO on record, though sources cautioned the price
could change before trading begins. SpaceX began its roadshow on Thursday;
underwriters will collect investor feedback and typically set the final price at
a pre-listing meeting. Sources described demand as extremely strong. The company
expects shares to start trading on June 12.
