Elon Musk’s space exploration company set a target price for buyers earlier than expected.

SpaceX is planning to offer shares ​at $135 apiece to raise $75 ​billion in its ⁠initial public ​offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal.

SpaceX plans a huge IPO to raise funds and list on stock market, with strong investor interest and high future expectations.

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 Tema Space Innovators ETF has come out of nowhere to become the largest space-themed ETF in just two months, thanks to a 10% weighting in SpaceX and outperformance versus peers.

Expect Starlink to be a major beneficiary of the SpaceX IPO.

Broadcom and CrowdStrike fell late on earnings. The SpaceX IPO price target and size have been set with the offering next week.