SpaceX is planning to raise approximately $75 billion through its upcoming initial public offering, according to a Reuters report citing a source familiar with the matter.

The company intends to sell roughly 555.6 million shares at a target price of $135 per share, which would value the offering at about $75 billion and place the company's overall valuation near $1.75 trillion. If completed as planned, the IPO would rank among the largest public offerings ever conducted by a private company.

The reported pricing strategy is unusual because companies typically establish a preliminary price range before beginning investor presentations, known as a roadshow. A final share price is generally determined only after gauging investor demand during the roadshow process and is often set shortly before shares begin trading.

According to Reuters, SpaceX is expected to begin its roadshow on Thursday, giving institutional investors their first opportunity to hear directly from company executives about the offering and the firm's long-term growth plans.

Founded by Elon Musk, SpaceX has become one of the world's most valuable private companies through its launch services business and its rapidly expanding Starlink satellite internet network. The company has played a major role in commercial spaceflight, government launch contracts, and global satellite communications.

A valuation of $1.75 trillion would place SpaceX among the most valuable companies in the world, reflecting investor confidence in both its aerospace operations and its satellite communications business. The company's growth has been fueled by frequent rocket launches, expanding government partnerships, and increasing demand for broadband internet access through Starlink.

Investors and analysts will closely watch the upcoming roadshow for additional details regarding the company's financial performance, growth projections, and final pricing decisions. The offering's success could also influence broader market sentiment toward large technology and aerospace IPOs.

If the deal proceeds at the reported valuation, it would represent a landmark moment for both the commercial space industry and the public markets, providing investors with a rare opportunity to buy shares in one of the most prominent private companies in the world.