SpaceX: Has Launched IPO Roadshow, Aiming to Publicly Offer 555,555,555 Shares of Class A Common Stock

On June 4, SpaceX announced it has launched its first initial public offering (IPO) roadshow, with plans to offer 555,555,555 shares of Class A common stock to the public. A notable term of the offering is that retail investors will be able to purchase shares at the same price as large institutional investors, with the expected offering price set at $135 per share. SpaceX has applied to list its Class A common stock on two Nasdaq platforms—the Nasdaq Global Select Market and the Nasdaq Texas Exchange—under the ticker symbol SPCX. Leading the underwriting process for the IPO are a group of bookrunners including Goldman Sachs, Morgan Stanley, Bank of America Securities, Citigroup, JPMorgan, Barclays, and other financial institutions, according to Golden Finance.