EXCLUSIVE-SpaceX plans to raise $75 billion in IPO at $135 per share, source says

Reuters reported earlier on Tuesday that the rocket and satellite communications company hoped to ⁠raise ​at least $75 billion, ⁠at a valuation of $1.75 trillion. The specific target ⁠price is extremely unusual at this ​stage because companies planning to go public ⁠typically set a price range before talking to ⁠investors ​in a series of presentations called a roadshow. Usually a specific target price is ⁠not ⁠set until the day before the offering.

SpaceX ​plans to raise $75 billion in its initial public ‌offering by selling 555.6 million shares at a target price of $135 per share, ‌a source familiar with the matter told ‌Reuters. Reuters reported earlier on Tuesday that the rocket and satellite communications company hoped to ⁠raise ​at least $75 billion, ⁠at a valuation of $1.75 trillion.

The specific target ⁠price is extremely unusual at this ​stage because companies planning to go public ⁠typically set a price range before talking to ⁠investors ​in a series of presentations called a roadshow. SpaceX's roadshow begins ⁠on Thursday. Usually a specific target price is ⁠not ⁠set until the day before the offering.