Elon Musk's SpaceX Plans To Raise $75 Billion In IPO At $135 Per Share: Report

SpaceX plans to raise $75 billion in its initial public offering by selling 555.6 million shares at a target price of $135 per share, a source familiar with the matter told Reuters.

Reuters reported earlier on Tuesday that the rocket and satellite communications company hoped to raise at least $75 billion, at a valuation of $1.75 trillion.

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 widely viewed as one of the most consequential offerings in recent history alongside artificial intelligence giants OpenAI and Anthropic.

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The company's valuation relies on SpaceX dominating technologies and markets that do not yet exist - from Mars missions to AI data centers in space.

The specific target price is extremely unusual at this stage because companies planning to go public typically set a price range before talking to investors in a series of presentations called a roadshow. SpaceX's roadshow begins on Thursday.

Usually a specific target price is not set until the day before the debut.

The roadshow - expected to be one of the most closely watched IPO marketing tours in recent years - will allow prospective investors to meet with SpaceX executives as investment bankers try to build demand for a record-breaking $75 billion order book.

Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Elon Musk's cult-like following and broadening ownership of the company.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)