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The Economic Times

Business

SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise: Report

SpaceX IPO Elon Musk Anthropic OpenAI Starlink Tesla Inc.

In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.

The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said.

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