SpaceX,the private aerospace firm founded by Elon Musk, has set its initial public offering (IPO) price at $135 per share, valuing the company at approximately $1.75 trillion. The proposed price was disclosed in a filing with the U.S. Securities and Exchange Commission on Wednesday.

The $1.75 Trillion Valuation: A Record in the Making

With the IPO priced at $135 per share, SpaceX aims to sell 555.6 million shares, targeting a record $75 billion raise. If successful, it would surpass Saudi Aramco's $25.6 billion record in 2019 and become the largest public listing ever.

Elon Musk stands to become a trillionaire as proceeds are directed toward AI infrastructure and Starlink expansion. The IPO comes amid a broader tech industry race to raise massive capital for AI capabilities, with AI firm Anthropic filing for a US IPO and Alphabet increasing its equity raising to $85 billion.

A Familiar Pattern from the 2019 Crash

The IPO roadshow begins today, where Wall Street analysts will present financial projections to potential investors. However, the final share price is not guaranteed and may fluctuate based on investor demand.. SpaceX's decision to set a fixed price in advance is unusual; companies typically reveal their target price range on the day before trading begins.

Last month, the company announced a $55 billion investment in a Terafab semiconductor factory in Texas, focusing on AI and robotics chips.. The IPO proceeds will be used to enhance its artificial intelligence infrastructure, develop space launch vehicles, and expand the Starlink satellite internet constellation.

Who is the Unnamed Buyer?

While investors remain cautious about high tech valuations, the flurry of deals underscores the intense competition in the AI space. The unnamed buyer, who will be revealed on June 11, will have a significant stake in the company's future. With the IPO scheduled for June 12 on the Nasdaq exchange, the world will be watching to see if SpaceX's gamble pays off.

A Broad Trend in the Tech Industry

The IPO is a significant milestone in the tech industry's push for AI capabilities . with the likes of Anthropic, Alphabet, and OpenAI vying for dominance, the stakes are high. As the world waits with bated breath, one thing is certain: the future of space exploration and AI is about to get a whole lot more interesting.