From Echo Wang

NEW YORK, June 3 (Reuters) - 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 on Tuesday that the rocket and satellite communications company hopes to raise at least $75 billion, at a valuation of $1.75 trillion.

This offering comes at the forefront of a wave of major private companies preparing to go public after years of declining IPO activity for large-cap companies, with SpaceX widely regarded as one of the most significant offerings in recent history, alongside AI giants OpenAI and Anthropic.

The company's assessment is based on SpaceX's control of technologies and markets that do not yet exist, from Mars missions to artificial intelligence data centers in space.

The specific price target is highly unusual at this stage because companies planning an IPO typically set a price range before speaking to investors in a series of presentations called a roadshow. SpaceX's roadshow begins tomorrow, Thursday.

A target price is usually not set until the day before the shares are offered.

The roadshow, expected to be one of the most closely watched IPO marketing rounds in recent years, will allow potential investors to meet with Space executives.
X, while investment bankers try to build demand for a record order book of $75 billion.

Reuters had previously reported that the company was considering allocating up to 30 percent of the offering to individual investors, a very large share of the stock offered to the public that aims to capitalize on Elon Musk's fan base and broaden the company's ownership base.