NEW YORK – SpaceX publicly set a US$135 price for shares in its initial public offering (IPO) on June 3, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way.

The company’s decision to publish a price a week ahead of its landmark offering has few, if any, precedents among major US IPOs, and reflects Musk’s standing in the financial world as an adventurer with a golden touch – even as the capital raise will value SpaceX at very lofty multiples.

SpaceX’s amended IPO filing confirms a Reuters report on the US$135 price from earlier this week. The company is aiming to raise US$75 billion (S$96 billion), the most-ever for an IPO, in a deal that would…