SpaceX IPO explained: The price is set, but retail allocation still up in the air

Ana Maria Rus

Nothing about SpaceX 's IPO is ordinary. The rocket maker is aiming to raise a record sum, by a wide margin, at a historic valuation, and will be controlled by Elon Musk , who's also CEO of Tesla , another trillion-dollar company. When it comes to the mechanics of the share sale, SpaceX is offering a take-it-or-leave-it price of $135, rather than providing a range and then pricing the deal based on demand, as is customary in IPOs. But as the stock offering gets underway on Thursday, certain

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