SpaceX straps bankers to the first autonomous IPO

SpaceX's planned IPO signals a landmark shift toward market disintermediation. The company fixed a $135-per-share price and will list on Nasdaq, aiming a historic capital raise. Goldman Sachs and Morgan Stanley lead, with JPMorgan pitching to clients and Solomon signing allocations. The target fundraise is about $75 billion, and SpaceX will float only a small stake.

Regulatory tweaks to accelerate access to a key index could spur buying from funds that track benchmarks. Experts say the approach risks imitators lacking SpaceX's hype. If successful, it may influence future high-capital tech flotations and attract attention from AI rivals.