Retail investors are selling AI and semiconductor stocks to buy SpaceX shares ahead of a potential $75 billion IPO targeting a $2 trillion valuation.

The SpaceX IPO is expected to price Thursday evening, with shares trading Friday on the Nasdaq under the ticker SPCX.

SpaceX's $1.75 trillion IPO targets a $75 billion raise with $150 billion in demand, pressuring stock futures and spotlighting its $1.29 billion Bitcoin