SpaceX targets fixed $135 IPO roadshow price at $1.75 trillion valuation, source says

Summary

CNBC's Leslie Picker reports that SpaceX has set a fixed IPO price of $135 per share for a $75 billion raise, implying a $1.75 trillion valuation. The offering will allocate 30% to retail investors, and there will be no anchor investors. Concerns are raised about retail order handling and potential price volatility.

• SpaceX IPO priced at $135 per share fixed.
• Total offering size is $75 billion.
• Fully diluted valuation reaches $1.75 trillion.
• 30% of the offering is reserved for retail investors.
• No anchor investors will be on the cover.
• Fixed price approach is unusual for such a large deal.
• Concerns about retail orders being batched and price spikes.