A $75 billion public raise before a record listing turns SpaceX’s next chapter into a trillionaire test for markets.

SpaceX wants to raise up to $75bn at $135 a share, but critics say the fixed-price deal may leave buyers overpaying before book building even starts.

Elon Musk’s company is moving faster toward a market debut that could reset expectations for private space valuations and investor demand.

The Elon Musk company set a target price for buyers earlier than expected, putting a giant private valuation in the market’s spotlight.