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SpaceX's Starship 39 rocket launches from Starbase during the 12th test flight as seen from South Padre Island, Texas, on May 22, 2026.

SpaceX, the rocket and satellite company led by US billionaire Elon Musk, aims to raise approximately US$75 billion (NZ$127.9b) in a record initial public offering, the company said in a regulatory filing, valuing the company at $1.765 trillion.

SpaceX said it will put up for sale 555,555,555 shares at an initial price of $135 each.

Should the IPO proceed, Musk's company would shatter the fundraising record previously held by oil giant Saudi Aramco, which raised $25.6b in 2019.