SpaceX set its IPO share price at $135, targeting $74.4 billion in fundraising that would value the company at $1.75 trillion. The space venture plans to sell shares next week after announcing the concrete price on June 11, which is unusual since most companies wait until closer to launch. This offering would become history's largest IPO.

At $135 per share, CEO Elon Musk's 50 percent stake would be worth roughly $752 billion, potentially making him the world's first trillionaire. Matthew Kennedy of Renaissance Capital noted that $74.4 billion exceeds all US IPOs combined over the past two years. SpaceX initially filed draft registration paperwork quietly earlier this year, revealing financial details about its ecosystem.

The company intends to use IPO proceeds for ambitious projects including orbital data centers. SpaceX plans to deploy 1 million satellites in sun-synchronous orbit between 500 and 2,000 kilometers to create cloud-free solar-powered computing infrastructure. Musk believes this approach will become the cheapest way to generate AI compute power within years.

The filing also exposed customer relationships, showing Anthropic will pay $1.25 billion monthly through May 2029 for xAI data center access. Meanwhile, X reported a $595 million advertising revenue decline in 2024 amid lost advertising partners. The IPO represents a fundamental shift in how private space ventures monetize their infrastructure ambitions.