SpaceX filed with the SEC on Wednesday saying it has fixed an IPO price at $135 per share ahead of a formal roadshow, matching earlier reports. The company plans to issue 555.6 million shares to raise about $75.0 bln. The fixed-price step departs from the usual practice of publishing a price range to test demand. At $135 the implied valuation is $1.77 tln, which would make SpaceX the seventh-largest U.S.-listed company by market cap and larger than Tesla’s roughly $1.6 tln valuation. SpaceX plan

SpaceX filed with the SEC on Wednesday saying it has fixed an IPO price at $135 per share ahead of a formal roadshow, matching earlier reports. The company plans to issue 555.6 million shares to raise about $75.0 bln. The fixed-price step departs from the usual practice of publishing a price range to test demand. At $135 the implied valuation is $1.77 tln, which would make SpaceX the seventh-largest U.S.-listed company by market cap and larger than Tesla’s roughly $1.6 tln valuation. SpaceX plans to list on Nasdaq on June 12.