• SpaceX sets a share price of $135 for its initial public offering (IPO), targeting $75 billion.
• The company aims for a historic valuation of nearly $1.77 trillion, possibly positioning Elon Musk as the first trillionaire.
• This IPO would be the largest in history, surpassing Saudi Aramco's previous record.
• Musk retains significant control of SpaceX with 82% of voting rights despite no profitability reported.
• SpaceX plans to use IPO proceeds for AI and other infrastructure expansions.

SpaceX has publicly announced a share price of $135 for its upcoming initial public offering (IPO), aiming to raise approximately $75 billion, which would mark the largest IPO in history. This unprecedented price-setting, which occurs a week ahead of the offering, reflects Elon Musk's unique approach to the market and potentially positions SpaceX with a valuation of nearly $1.77 trillion as it aims to debut on the Nasdaq on June 12, 2026, according to channelnewsasia, Reuters, and Al Jazeera.

The IPO would not only eclipse Saudi Aramco's prior record of $26 billion but also elevate SpaceX to potentially be valued higher than major companies like Tesla and Meta, placing it among the top ten most valuable U.S.-listed firms. Investors have reacted positively to Musk's reputation and the innovative approach of offering a fixed price, which deviates from traditional practices that usually involve setting a range based on investor interest, as highlighted by CBS News and Los Angeles Times.

Despite the excitement surrounding this high-profile offering, SpaceX reported a cumulative net loss of $4.94 billion on revenues of around $18.7 billion in 2025, raising questions about its path to profitability. Musk’s innovative strategies and ambitious plans for future projects, such as establishing a human colony on Mars, indicate a commitment to long-term goals even amidst current financial losses, according to Al Jazeera and Los Angeles Times.

The IPO is significant not only for Musk's personal wealth, possibly nearing $1 trillion, but also because of Musk's retention of effective control over SpaceX, with about 82% of voting rights. This structure, involving dual-class shares, has raised concerns among critics regarding shareholder rights and corporate governance. Reports indicate that Musk's continued control could hinder investor interests and protections significantly, citing criticism from entities such as the Alliance to Protect Shareholder Value, as detailed by CBS News and Los Angeles Times.

Ultimately, SpaceX's IPO is not just a financial venture but a reflection of a broader ambition to tap into the burgeoning fields of artificial intelligence and space exploration, with expected proceeds directed towards enhancing its rocket and satellite technologies alongside substantial AI infrastructure investments. This strategy is anticipated to influence future market trends and inspire more major listings in the tech industry, according to channelnewsasia, Reuters, and Los Angeles Times.