SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, satellite and artificial intelligence company targets a historic debut that could clear a path for more mega-listings.

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.

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 confidentially filed with the SEC on April 1, made its S-1 public on May 20, and is moving at warp speed.

The latest prospectus by Elon Musk’s company underscores its confidence in its planned market debut. But skeptics see reasons for concern.

SpaceX stock is expected to begin trading by the end of next week.

SpaceX is targeting a $1.77 trillion IPO on June 12, the largest in history. The real bet is on who owns the AI economy's rails, from Starlink to its xAI merger.

The $135 share price means Elon Musk’s rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.