SpaceX priced its IPO at $135 per share, raising $75 billion in the largest offering ever. The stock is expected to open between $170 and $175.

SpaceX plans to raise $75 billion in its IPO at a $1.75 trillion valuation. The massive equity issuance could drain liquidity from crypto and risk assets.

SpaceX targets a $75 billion IPO on June 11, seeking a $1.8 trillion valuation. The company holds roughly 18,700 bitcoins on its balance sheet.