SpaceX looking to price IPO at $135 per share, offering 555.6 million shares
Speakers
Andrew Ross Sorkin
— Co-Anchor, Squawk Box
Leslie Picker
— Chief Correspondent, CNBC
Summary
SpaceX filed an amended S-1 for its IPO at $135 per share, offering 555.6 million shares. Andrew Ross Sorkin argues the investment requires a 20-year horizon, while Leslie Picker highlights technical factors like index inclusion that could drive forced buying. The IPO is expected to be the largest ever at $75 billion.
- SpaceX filed amended S-1 with fixed IPO price of $135 per share.
- Offering consists of 555.6 million shares, all primary, raising $75 billion.
- Valuation on a fully diluted basis is $1.75 trillion.
- Andrew Ross Sorkin says buying SpaceX is a bet on 20 years from now.
- Leslie Picker emphasizes technical elements: lockup calendar, index inclusion, and float size.
- Technical factors are expected to create an onslaught of forced buyers.
- Fixed price strategy is unconventional and removes typical IPO gamesmanship.
- IPO is expected to be the largest of all time, three times the current record.
Trade Ideas
SpaceX is a 20-year bet.
The technical elements of the SpaceX IPO, including lockup calendars, index inclusion, and float size, will create an onslaught of forced buyers, making the IPO technically attractive regardless of fundamental valuation.
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This CNBC video, published June 03, 2026, features Andrew Ross Sorkin discussing SPACEX. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Andrew Ross Sorkin · Tickers: SPACEX