Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleTrading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the U.S. (Getty)SpaceX is set to go public on June 12, targeting a roughly $1.8 trillion valuation with a fixed share price of $135, a significant departure from traditional Wall Street IPO processes that typically use roadshows for price discovery. The company plans to allocate an unusually large portion, up to 30%, of its offering to individual retail investors, aiming to leverage Elon Musk's loyal following and provide broader access to shares. Musk will retain significant control, holding 85.1% of the combined voting power after the IPO, and the company has implemented governance provisions that make it harder for shareholders to challenge decisions or remove him as CEO. Five online brokers are expected to offer customers the opportunity to buy shares at the SpaceX IPO price: RobinHood Markets, SoFi Technologies, Charles Schwab, Fidelity, and E*TRADE from Morgan Stanley. Investors will be able to invest in SpaceX through index funds like the Nasdaq 100, which has granted the company fast-entry into the index that tracks the 100 biggest companies trading on the tech-heavy exchange.In fullSpaceX is upending Wall Street’s IPO playbook in ‘real break’ from normal processThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Spacex IPO date and price: Everything to know ahead of long-awaited launch
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleTrading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the U.S. (Getty)SpaceX is set to go public on June 12, targeting a roughly $1.8 trillion valuation with a fixed share price of $135, a significant departure from traditional Wall Street IPO processes that typically use roadshows for price discovery. The company plans to allocate an unusually large portion, up to 30%, of its offering to individual retail investors, aiming to leverage Elon Musk's loyal following and provide broader access to shares. Musk will retain significant control, holding 85.1% of the combined voting power after the IPO, and the company has implemented governance provisions that make it harder for shareholders to challenge decisions or remove him as CEO. Five online brokers are expected to offer customers the opportunity to buy shares at the SpaceX IPO price: RobinHood Markets, SoFi Technologies, Charles Schwab, Fidelity, and E*TRADE from Morgan Stanley. Investors will be able to invest in SpaceX through index funds like the Nasdaq 100, which has granted the company fast-entry into the index that tracks the 100 biggest companies trading on the tech-heavy exchange.In fullSpaceX is upending Wall Street’s IPO playbook in ‘real break’ from normal processThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
