Source: SpaceX plans to raise $75 billion through an initial public offering at a price of $135 per share, according to sources.

A source familiar with the matter told the media that SpaceX plans to raise $75 billion through an initial public offering of 5.556 billion shares of stock at a target price of $135 per share. Earlier on Tuesday, media reports said that the rocket and satellite communication company hoped to raise at least $75 billion with a valuation of $1.75 trillion. It is very rare to set a specific target price at this stage, as companies planning to go public usually first set a price range before communicating with investors through a series of presentations called "roadshows". SpaceX's roadshow will begin on Thursday. Typically, the specific target price is only determined the day before the IPO.