SpaceX is gearing up for what could be the largest initial public offering (IPO) in history, targeting to raise $75 billion by selling 555.6 million Class A shares at a price of $135 each. This pricing results in a staggering valuation of $1.77 trillion, positioning SpaceX as the seventh-largest company in the United States, surpassing both Berkshire Hathaway and Tesla, which has a market cap of approximately $1.6 trillion. The IPO proceeds are primarily earmarked for debt repayment and spectrum acquisition, with less than $18 billion available for expanding AI capabilities and the Starlink network. Elon Musk, who holds 82.4% of voting power post-offering, will maintain significant control over the company. The IPO is set against a backdrop of changing Nasdaq rules, allowing major IPOs to join the Nasdaq 100 index sooner than previously required. SpaceX's unique share lockup structure enables insiders to gradually sell their shares after the first earnings report, with Musk himself restricted from selling for 366 days.