SpaceX expects its IPO to raise $74.4 billion

Key points

• SpaceX has set a price of $135 for shares that will be sold in its upcoming initial public offering, the company has revealed in its amended filing.
• According to Reuters and The New York Times, it's unusual for companies to set a concrete price a week before it goes public, and they just typically set a price range in case of shifts in investor demand.
• The company could still change the price of its shares.
• It will announce the final price on June 11, with stocks trading the next day.
• If SpaceX's stocks do sell for $135, it's expected to raise $74.4 billion from the IPO, making it the biggest in history and giving the company a valuation of approximately $1.75 trillion.