SpaceX set to price its historic IPO at $135 per share, aiming for $75 billion in proceeds and a $1.77 trillion valuation on June 12.

SpaceX set a share price of $135 and aims to sell 555.6 million shares, representing $75 billion in proceeds and a company valuation of $1.77 trillion, with the IPO expected on June 12.

The company operates in rocket launches, satellite-based internet service (Starlink), and artificial intelligence. Last year, SpaceX completed 165 orbital launches—more than any other operator—and Starlink delivered more than $7.1 billion in adjusted EBITDA, though the company reported a net loss of $4.9 billion against revenue of $18 billion.

Historical data shows that among the top 10 largest U.S. IPOs, eight posted declines in their first 12 months on the stock market. The body notes that patient investors may have opportunities to buy at better prices later, though recent AI companies such as Cerebras Systems and CoreWeave have surged in their early trading.