SpaceX has set a price of $135 per share for its initial public offering, valuing the company at $1.75 trillion, according to multiple reports from outlets including the New York Times, BBC, and Bloomberg.
If completed at that price, the offering would be the largest IPO in Wall Street history. The move is being described as upending conventional Wall Street practices, according to Yahoo Finance.
The company, founded by Elon Musk, has long operated as a private firm and resisted going public. SpaceX's decision to now pursue a stock market debut marks a significant shift for one of the most valuable private companies in the world.
Bloomberg noted that SpaceX's capital needs are substantial as the company pursues ambitious projects including Starship development, the Starlink satellite internet network, and contracts with NASA and the U.S. military.
Details on the timeline for the offering and which exchange SpaceX plans to list on were not included in the available reporting.
