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AAP
AAP
Business
Echo Wang and Milana Vinn

SpaceX's public offering could make Musk a trillionaire

SpaceX has publicly set a $US135 ($A189) price for shares in its initial public ‌offering, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk's determination to raise record sums his way.

The company's decision to publish a ‌price on Wednesday a week ahead of its landmark offering has few if any precedents among major US IPOs, and reflects Musk's standing in the financial world ‌as an adventurer with a golden touch.

SpaceX's amended IPO filing confirms a Reuters report on the $US135 ($A189) price from earlier this week. The company is aiming to raise $US75 billion ($A105 billion), the most ever for an IPO, in a deal that would value it at $US1.75 trillion ($A2.45 trillion), immediately placing it among the top 10 most valuable US-listed firms.

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