Will SpaceX reduce the expected range of its IPO before 6/15 given the huge losses it just reported?
79% of users predicted NO — the community got this one right. 34 predictions cast.
SpaceX did not reduce its anticipated share price ahead of its planned initial public offering, resolving the question negatively. Instead, the company set a fixed offering price of $135 per share—rather than a price range—in advance of its investor roadshow, a highly unusual approach for a listing of this scale.
At $135 per share, SpaceX's IPO would value the company at approximately $1.77 trillion and aims to raise roughly $75 billion through the sale of 555.6 million Class A shares, which would rank among the largest IPOs in United States history. The company plans to list on the Nasdaq under the ticker SPCX, with a target date of June 12, 2026. Goldman Sachs is leading the underwriting syndicate, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase also participating.
The financial losses disclosed in SpaceX's prospectus did not appear to suppress institutional investor demand sufficiently to warrant a price reduction. Founder Elon Musk is expected to retain more than 82 percent of voting control through a dual-class share structure. The 79 percent of predictors who said SpaceX would not reduce its IPO range proved correct.