SPACEX TARGETS $75B IPO AT $135 PER SHARE

SpaceX filed plans to sell 555.6 million shares in the record-breaking IPO, according to SEC filings and sources familiar with the matter. The Starbase, Texas-based rocket, satellite, and AI company set the fixed price ahead of the traditional marketing phase—a move that breaks Wall Street convention. The $75 billion raise would eclipse Saudi Aramco's 2019 IPO, previously the largest on record. Proceeds will fund SpaceX's expansion in space launch operations and artificial intelligence initiatives. Musk has rejected conventional IPO practices before, setting predetermined pricing rather than allowing underwriters to guide the valuation process. Terms could still shift before final disclosure, but the current plan positions SpaceX as a centerpiece of what analysts call an emerging wave of mega-cap AI-era public offerings that could reshape Wall Street dynamics.