SpaceX Maintains IPO Price at $135 Per Share, Investor Inquiries Heated

(CNA New York, 4th Combined Foreign News) Sources say that SpaceX has informed the banks underwriting its $75 billion initial public offering (IPO) that they will maintain the offering price of $135 per share, the price disclosed in the company's amended IPO filing yesterday.

According to a Reuters report, this decision shows that Elon Musk intends to push forward with what could be the largest IPO in history on his own terms, breaking with traditional Wall Street practices. However, the source emphasized that the decision could still be adjusted before the IPO actually takes place.

SpaceX did not immediately respond to a request for comment.

SpaceX began its IPO roadshow and meetings with investors today. Generally, the issuing company and its underwriters gather investor feedback during the roadshow and hold a pricing meeting the day before trading begins to determine the final offering price.

Three sources familiar with the roadshow said market demand is extremely strong.

One of the sources noted that the analyst in charge of this IPO receives up to 20 investor calls per day, higher than the typical 10 to 15 calls per day for a hot IPO.

SpaceX is expected to be officially listed on June 12.