SpaceX's Record $75 Billion IPO Priced at $135/Share Amid Wall Street Frenzy

SpaceX’s $75 billion IPO is racing toward a June 12 debut at $135 per share, as major banks mobilize wealthy clients for what would be the largest public listing ever. The company launched its roadshow on June 4 and, defying convention, plans to stick with the pre-announced price rather than wait for the traditional pre-trading pricing meeting. Demand is “insatiable,” with analysts fielding up to 20 investor calls daily—roughly double the typical rate for hot IPOs. Morgan Stanley, JPMorgan Chase (JPM) and Bank of America (BAC) are hosting lavish client events. JPMorgan CEO Jamie Dimon drew 3,500 clients, with CEO Elon Musk appearing via video link. “We’re beginning a new large-scale growth phase, so we need funding,” Musk said, calling revenue “fairly predictable.” BofA invited over 5,000 clients and plans a spire lighting simulating a rocket launch. A potential hiccup: S&P Global (SPGI) affirmed existing index rules, meaning SpaceX must wait at least a year before qualifying for S&P 500 inclusion.