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International Business Times
International Business Times
Business
Demian Bio

SpaceX Reportedly Tells Banks It Won't Change Its Share Price For Its IPO

SpaceX IPO Elon Musk Morningstar Starlink
Elon Musk controls more than 82% of SpaceX's voting power and owns shares worth about $866.5 billion at the proposed valuation. (Credit: Getty Images)

SpaceX has told banks working on its IPO that it won't change its share price, currently set at $135, according to a new report.

Reuters detailed that the stance means that the company's CEO, Elon Musk, intends to hold the IPO according to his preferences, in contrast with Wall Street tradition.

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