SpaceX is planning an unusual fixed IPO price of $135 per share, according to CNBC, positioning the company for what could be the largest public listing in U.S. history.
The company will sell 555.6 million shares, implying a $75 billion offering size. At that price, SpaceX would be valued at $1.75 trillion, surpassing Tesla's $1.6 trillion market cap and making it the seventh-largest U.S. company.
SpaceX is expected to debut on Nasdaq on June 12 under the ticker SPCX.
Unlike traditional IPOs where a price range is tested, SpaceX locked a fixed price after early investor discussions. The offering is more than triple Alibaba's record-setting U.S. IPO.
This listing coincides with major AI companies like Anthropic and OpenAI moving closer to public markets. Anthropic confidentially filed its IPO prospectus on Monday, while OpenAI is preparing its own filing soon.
SpaceX filed its SEC prospectus late last month, revealing billions in losses and Elon Musk's ownership stake. An amended filing Monday reserves up to 5% of IPO shares for employees through a direct share program.
Speculation grows that Musk may eventually combine SpaceX with Tesla, a possibility reportedly discussed internally.