spacex priced the ipo at $135 flat. no range. is this the most bullish or the most rigged ipo youve ever seen?
u/FF430 ·
Reddit — r/wallstreetbets
· June 07, 2026 at 00:21
· ⬆ 444 pts
· 💬 126 comments
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AI Summary
Summary
The post discusses SpaceX's IPO priced at a fixed $135/share with no price range, raising $75B, the largest IPO ever; author questions whether this is a bullish floor or a rigged top being sold to retail before lockup expiry.
The author's thesis is that the entire allocation was pre-sold to sovereign funds, and that the recent Nasdaq selloff may have been caused by institutional PMs liquidating second-best ideas to raise cash for the IPO.
Quality assessment: Speculation with some circumstantial reasoning; lacks hard data on allocations or lockup mechanics, but raises valid timing concerns.
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Comments126
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so spacex just filed at a fixed $135 a share, 555 million shares, $75B raised which is the biggest ipo in history bigger than aramco. but heres the part nobody talking about… they didnt even give a price range. usually you get like $120-140 and the bankers "build a book." they skipped that entirely which basically means the whole thing was already spoken for by sovereign funds (qatar abu dhabi norway etc) before retail even heard about it.
and get this the allocation meetings happened in MAY… which might be why tech got absolutely smoked last week. PMs dont sell winners to fund an ipo they sell their 2nd best ideas. so the nasdaq dump might literally be ppl raising cash for this.
so wdyt — is $135 the floor and this rips on day 1, or is this the top getting sold to retail right before the dec lockup expiry dumps another 1B+ shares on our heads?