In a surprise move ahead of its expected investor roadshow, Elon Musk's SpaceX is reportedly planning to set its initial public offering (IPO) price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.
The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said.
The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic.
SpaceX aims to set records and break tradition with the public offering.
A fixed price ahead of presentations to investors and bookbuilding is highly unusual.
