SpaceX Sticks to $135 IPO Price, Faces Year-Long S&P 500 Wait
SpaceX’s $75 billion IPO is fixed at $135 per share, with retail allocations through Schwab, Fidelity (minimum $2,000), Robinhood, SoFi and E*Trade. S&P Dow Jones Indices requires a full year of trading history, pushing SpaceX’s S&P 500 inclusion to mid-2027 and limiting immediate PSPAC demand.
1. IPO Pricing Confirmed at $135 per Share
SpaceX has confirmed a $135 per share IPO valuation, establishing a $75 billion offering size and signaling no adjustments to underwriters’ pricing assumptions.
2. S&P 500 Inclusion Delayed by Index Rules
Index criteria mandate a 12-month trading record before admission, deferring SpaceX’s S&P 500 entry until mid-2027 and curbing near-term passive fund inflows.
3. Retail Allocations and Brokerage Access
The company will distribute shares to retail investors via Charles Schwab, Fidelity (lowered minimum to $2,000), Robinhood, SoFi and E*Trade, potentially boosting individual participation but heightening PSPAC redemption risks.
4. Impact on PSPAC Valuation and Strategy
Locked-in pricing and delayed index eligibility may alter PSPAC’s merger valuation, influence redemption rates and challenge the SPAC’s ability to meet projected return targets.
Related News
Sources
