SpaceX filed plans for a $75 billion IPO that would dwarf any previous offering, seeking to raise funds at $135 per share. The Texas-based company would command a market value of nearly $1.77 trillion, easily surpassing Aramco's 2019 record $29.4 billion listing and potentially opening the door for other mega AI companies to go public.

Proceeds will fund expansion of SpaceX's AI, rocket launch and satellite infrastructure, while helping repay a portion of a $20 billion bridge loan. Founder Elon Musk will maintain tight control with 84.4% voting power through special Class B shares, raising governance concerns from shareholder advocacy groups.

The IPO pricing could occur as soon as June 11, with SpaceX pitching investors on a $28.5 trillion addressable market focused on AI infrastructure. The company has signed a $1.25 billion monthly contract with Anthropic for AI compute, though Musk clarified no long-term commitment exists yet.