SpaceX targets a $75 billion IPO at $135 a share, implying a $1.75 trillion valuation as investors weigh bold AI plans, widening losses and governance risks.

CMR Green Technologies IPO, open from June 3-5, saw a subscription rate of 127.07 times. Share allotment will be finalized on June 8, with a market debut on June 10 at ₹192 per share, reflecting a strong grey market premium of ₹71.

By Echo Wang and Milana Vinn NEW YORK, June 3 (Reuters) - SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way.

Mega IPOs won't have a fast track into the S&P 500 like they will for the Nasdaq 100. The decision means SpaceX can't join the index until mid-2027.

SpaceX and Anthropic have already declared their intentions with the SEC, and OpenAI is rumored to be preparing its filing in the near future.

By Isla Binnie and Echo Wang NEW YORK, June 5 (Reuters) - SpaceX has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it is seeking to raise, said two people familiar with the matter on Friday.

SpaceX set out its IPO pitch to retail investors early on Thursday with a video in which Chief Financial Officer Bret Johnsen joins the dots between the company’s rocket, satellite and AI businesses.

SpaceX is gearing up to complete its initial public offering on June 12, and the stock's public debut is set to make history. The space-tech company will have the largest-ever IPO