• SpaceX sets its IPO share price at $135, aiming to raise $75 billion.
• The company seeks a valuation of approximately $1.77 trillion, positioning it as one of the top ten U.S. companies.
• Elon Musk could become the world's first trillionaire based on this IPO.
• Investors have shown "insatiable" demand during the company’s roadshow.
• SpaceX plans to allocate funds towards AI and its ambitious space projects.

SpaceX has publicly announced a $135 share price for its anticipated initial public offering (IPO), aiming to secure a record $75 billion in funding, which would place the company's valuation at about $1.77 trillion. This move represents a significant departure from traditional IPO practices, where companies typically disclose a price range before gauging investor interest, reflecting Elon Musk's determination to control the terms of the offering, according to Channel News Asia and LA Times.

The IPO is poised to be the largest in history, eclipsing the $26 billion raised by Saudi Aramco in 2019. In its filing, SpaceX outlined plans to sell 555.6 million shares at the fixed price, with trading expected to begin on the Nasdaq on June 12. This offering would also place SpaceX just behind major tech players, including Tesla and TSMC, in terms of market capitalization, according to Al Jazeera and Reuters.

Investors are enthusiastic about the offering, with one source claiming demand has been "insatiable" during the IPO roadshow. Analysts noted that they were fielding around 20 inquiries per day from interested parties, significantly higher than typical levels for high-demand IPOs. This high interest underscores the strong confidence in Musk's ability to deliver on his ambitious vision for the company, despite its current lack of profitability; SpaceX reported a net loss of $4.94 billion last year on revenue of $18.7 billion, according to CBS News and Los Angeles Times.

Musk's significant control over the company will remain intact after the offering due to a dual-class share structure, which allows him to maintain approximately 82% voting rights. This structure grants him greater authority over company decisions, a point that has sparked discussion regarding governance and shareholder rights. Critics argue that such a concentration of power may undermine shareholder protections following the IPO, adding another layer of scrutiny to the offering, as noted in discussions from LA Times and Channel News Asia.

The proceeds from this historic IPO are earmarked for expanding SpaceX’s infrastructure, particularly in artificial intelligence and space exploration initiatives, as well as settling a significant amount of debt. The ambitious goals outlined in the IPO prospectus, including plans for lunar missions and a permanent human settlement on Mars, reflect Musk's vision for the company’s future. Analysts predict SpaceX's ventures, particularly in AI and launch technologies, position it well for sustained investor interest and growth, as highlighted by Reuters and CBS News.