SpaceX sticks with IPO pricing despite pressure from Wall Street

File photo: SpaceX headquarters at Hawthorne, California.

NEW YORK, June 4 — SpaceX has informed participating banks that it intends to maintain its planned initial public offering price of $135 per share, signaling confidence in investor demand ahead of one of the largest stock market debuts in history.

The decision comes as underwriters continue preparations for the company’s upcoming Nasdaq listing, which is expected to raise approximately $75 billion and value the aerospace and technology group at around $1.75 trillion. Market participants had speculated that bankers could push for adjustments after gauging investor interest during the roadshow process.

By holding firm on the proposed price, SpaceX is departing from a long-standing Wall Street practice in which underwriters often retain flexibility to revise pricing before shares begin trading. The move reinforces Elon Musk’s reputation for taking an unconventional approach to financial markets and corporate transactions.

The offering is widely expected to attract significant attention from both institutional and retail investors. Demand has been fueled by SpaceX’s dominant position in commercial launch services, the continued expansion of its satellite communications business and growing expectations surrounding its artificial intelligence initiatives.

Analysts remain divided on valuation. Supporters argue that SpaceX has established itself as one of the world’s most strategically important technology companies, while critics question whether future growth expectations already embedded in the proposed valuation leave enough room for upside after the listing.

If completed at the announced terms, the transaction would rank among the largest public offerings ever completed and could become a defining test of investor appetite for mega-cap technology listings in 2026.

Source: Public reports and official statements.

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