SpaceX tells banks it won’t move its $135-a-share IPO price
SpaceX told banks in its $75 billion initial public offering that it is set on the $135-a-share price that the firm disclosed on Wednesday in its amended IPO filing, sources told Reuters.
The company’s decision is the latest sign that Elon Musk is intent on holding the largest ever initial offering according to his preferences, upending Wall Street tradition — though sources stressed that the decision is subject to change before the IPO takes place. SpaceX didn’t immediately respond to a request for comment.
