SpaceX tells banks it won't move its $135-a-share IPO price

SpaceX told banks in its $75 billion initial public offering ​that it is set on the $135-a-share price ‌that the firm disclosed on Wednesday in its amended IPO filing, sources told Reuters.
The company’s decision ​is the latest sign that Elon Musk ​is intent on holding the largest ever initial ⁠offering according to his preferences, upending ​Wall Street tradition - though sources stressed that the ​decision is subject to change before the IPO takes place. SpaceX didn't immediately respond to a request ​for comment.

SpaceX began meeting with investors on ​Thursday in its IPO roadshow – where securities issuers and their ‌bankers ⁠typically gather investor feedback before determining the final IPO price at a meeting held a day before the shares begin trading.

Three ​sources familiar with ​the roadshow ⁠described demand as insatiable. Analysts working on the IPO were fielding ​as many as 20 calls a ​day ⁠from investors, above the 10 to 15 typically seen on in-demand offerings, one of the ⁠sources ​said.

SpaceX's trading debut is ​expected on Friday, June 12.

-Reuters