SpaceX sets IPO price as retail allocation remains undecided

SpaceX has fixed the price of its initial public offering at $135 per share, leaving investors to accept the terms as offered. The company is preparing to begin the share sale on Thursday, with trading expected to start Friday. According to people familiar with the process, SpaceX plans to stop taking orders a day early, giving underwriters more time to decide how to distribute shares. That could help the company manage a very large offering more efficiently than a typical IPO. A key point in the deal is SpaceX’s target to sell about 30% of the shares to retail investors, far above the usual 5% to 10% range. The final allocation will be set only after the book is closed, and the company has named several major brokerage platforms that will offer access to the shares.