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From Wall Street to Main Street, Elon Musk’s hotly anticipated SpaceX initial public offering (IPO) tomorrow has hit a fever pitch with anyone and everyone<\/a>, with headlines buzzing about it in superlatives: Blockbuster. Record-breaking.<\/p>\n As the rocket company heads into the final countdown to its stock market debut on Friday, June 12 (here’s a clock<\/a> from Yahoo Finance), here\u2019s what to know. (There is no set time for trading to begin, but companies often wait a bit after the market opens<\/a>.)<\/p>\n SpaceX set its final IPO price at $135 a share<\/a>, and will sell 555.5 million shares of its Class A common stock<\/a>. The company’s total valuation is reported at $1.77 trillion<\/a>.<\/p>\n The offering is expected to close on June 15. In addition, SpaceX has granted the underwriters a 30-day option to purchase up to an additional 83.3 million shares <\/a>of its Class A common stock at the initial public offering price.<\/p>\n On Friday, the stock will begin trading publicly on the Nasdaq exchange under the ticker “SPCX.”<\/p>\n While no one can predict exactly what will happen, the share price is likely to fluctuate once trading begins. The question on everyone’s mind: Is the price tag too high?<\/p>\n Currently, the SpaceX IPO stands to literally be the largest IPO ever, topping Aramco, Saudi Arabia\u2019s state-owned oil giant, which currently has a market cap of around $1.74 trillion.<\/p>\n “It’s a big deal because it\u2019s literally a big deal,” analyst Matt Kennedy told<\/a> The New York Times<\/em>. The Renaissance Capital senior strategist called the deal “very pricey<\/a>” and warned that a poor market debut could drag the market down and signal “the market peaked.”<\/p>\n So, there’s a lot more riding on SpaceX’s Nasdaq launch than just the share price for investors. The whole market will be watching. <\/p>\n Beyond the hype (with headlines such as: “SpaceX is getting ready to break new records \u2014 and make one of the world’s wealthiest men even wealthier<\/a><\/em>“), this IPO is actually different than other stock debuts, with SpaceX making somewhere between an estimated 20%<\/a> to 30% of its shares available to regular retail investors\u2014much higher than the typical 5-10% allocation<\/a>\u2014for purchase through Fidelity, Charles Schwab, Robinhood, E-Trade, and SoFi. <\/a>Fidelity even decided to cut its account minimum <\/a>for those who want in on the action.<\/p>\nWhat’s happening?<\/h2>\n
What makes this IPO different?<\/h2>\n