Break the old IPO rules! It is rumored that SpaceX has decided in advance on an offering price of $135 per share, aiming to raise $75 billion.

Insiders reveal that Elon Musk's SpaceX plans to issue 555.6 million shares of stock through its first public offering (IPO) at a price of $135 per share, raising $75 billion. Setting a specific target price at this stage is extremely rare, as companies planning to go public usually set a price range before the roadshow. Unconventional SpaceX IPO According to reports, SpaceX is breaking the traditional IPO process. In the traditional IPO process, companies usually disclose the price range, pitch shares to investors through roadshows, and finalize the final offer price before officially listing. SpaceX has not commented on this. SpaceX's IPO is one of the most anticipated public offering projects globally. After secretly submitting its listing application in March, the company quickly progressed with the listing process. At the same time, investors are closely watching the potential listing plans of other well-known tech companies. Artificial intelligence companies OpenAI and Anthropic PBC are seeking to advance their listing plans, while Google's parent company Alphabet announced a $80 billion equity financing plan on Monday, including a $10 billion strategic investment from Berkshire Hathaway. The SpaceX transaction is expected to be the largest IPO in history, with a fundraising amount far exceeding the $29.4 billion raised by Saudi Aramco in 2019. Reportedly, the rocket launch, satellite, and artificial intelligence company is expected to announce the offering terms on Wednesday, start the roadshow on Thursday, and set the price as early as June 11. However, the timetable could still be delayed by a few days. Reportedly, the company's IPO is targeting a valuation of at least $1.8 trillion. However, Morningstar bluntly stated that SpaceX's target valuation is too high, and the actual valuation may be less than half of the target valuation. Morningstar analyst Nicolas Owens' discounted cash flow model predicts SpaceX's valuation at only $780 billion, with the space launch and Starlink internet business valued at $611 billion, and the artificial intelligence business valued at approximately $170 billion. SpaceX IPO creates wealth Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase, among 18 banks, will lead SpaceX's IPO. The company plans to list on the Nasdaq Stock Market and Nasdaq Texas Exchange, with the stock code "SPCX". Reports suggest that SpaceX is negotiating with Wall Street underwriters to try to lower its IPO underwriting fees but even so, these underwriters are expected to collectively earn around $500 million in this record-breaking listing. Prior reports stated that the company is considering allocating up to 30% of the shares to individual investors this exceptionally large retail allocation is intended to expand the company's shareholder base using Musk's almost "cult-like" following. Sources say that Musk will have to hold his SpaceX shares for 366 days after the IPO, sending a signal to investors that he will not sell any of his holdings. Additionally, reports suggest that before SpaceX goes public, over 1,000 current and former employees have joined forces to collectively pressure wealth management firms for lower fees and more sophisticated tax avoidance tools. This collective bargaining approach could reshape how startup company employees manage their IPO wealth, setting a precedent for employees of companies like OpenAI and Anthropic.