Zhipu AI Stock Jumps on Report of Custom AI Chip Development Plans 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion 
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Meta Says States Seek $1.4 Trillion in Penalties Over Teen Social Media Addiction Lawsuit 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
LG Energy Solution Q2 Profit Plunges 77% Despite Revenue Growth on Weak EV Demand 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
SpaceX has announced that it will price its highly anticipated initial public offering (IPO) at $135 per share, a full week before its expected market debut. The move marks a significant departure from the traditional Wall Street IPO process and highlights CEO Elon Musk’s willingness to challenge established capital market practices.
According to an amended filing released Wednesday, SpaceX plans to offer approximately 555.5 million shares at the fixed price of $135 each. The offering is expected to raise around $75 billion, making it the largest IPO in history. The transaction would value SpaceX at approximately $1.75 trillion, placing the aerospace and satellite communications giant among the ten most valuable publicly traded companies in the United States.
Traditionally, major U.S. companies determine their IPO pricing after completing investor roadshows and evaluating demand through the book-building process. By revealing the offering price well in advance, SpaceX is introducing a highly unconventional approach that could reshape future IPO strategies.
The upcoming public listing provides investors with a rare opportunity to gain exposure to Elon Musk’s vision for space exploration, satellite internet services, and artificial intelligence. SpaceX has grown into a cornerstone of Musk’s business portfolio, driven by innovations in reusable rockets, commercial space missions, and global connectivity through its satellite network.
The company is expected to begin its investor roadshow on Thursday, with final pricing scheduled for June 11. Trading is anticipated to begin on the Nasdaq the following day under the ticker symbol “SPCX.” SpaceX will also list its Class A common stock on Nasdaq Texas.
In addition to the early pricing announcement, Musk has proposed several other non-traditional IPO measures, including allocating a larger percentage of shares to retail investors, accelerating inclusion in major stock indexes, and maintaining governance structures that preserve substantial founder control.
The IPO is being led by a group of major financial institutions, including Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank, Wells Fargo, UBS, and RBC Capital Markets as joint bookrunners.
As excitement builds around the SpaceX IPO, investors worldwide are closely watching what could become one of the most significant public offerings ever seen in global financial markets.
