SpaceX sets $135 price for blockbuster IPO, challenging Wall Street norms

SpaceX sets US$135 price for blockbuster IPO, upending Wall Street convention

SpaceX prices IPO at $135 for record $75B raise ($1.75T valuation), one week early. Musk concentrates founder control with 30% retail allocation and bypasses traditional price discovery, exposing valuation challenges in space-defense assets without comparables.