SpaceX plans to set its initial public offering price at $135 per share as it prepares to raise a record $75 billion.

Axar.az reports, citing Reuters, the rocket and satellite company intends to sell about 555.6 million shares, with the offering implying a valuation of roughly $1.75 trillion.

The IPO roadshow is set to begin Thursday, marking the start of what is expected to be a highly scrutinized listing for Elon Musk’s aerospace and communications firm. The deal is structured as an all-primary offering, meaning proceeds will go directly to SpaceX rather than existing shareholders.

The company has also outlined plans to allocate proceeds toward expanding artificial intelligence computing infrastructure and its satellite network.

SpaceX’s move comes as it merges with Musk’s AI startup xAI and positions itself alongside a wave of major private companies preparing for public listings, including OpenAI and Anthropic.

The shares are expected to trade on Nasdaq under the ticker “SPCX,” with a potential debut projected for June 12, subject to market conditions and investor demand.

The offering is being led by Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan, according to the sources.