SpaceX wants to raise $75 billion for a record-setting IPO

SpaceX plans to raise $75 billion in its IPO. Samuel Boivin/NurPhoto via Getty Images

SpaceX officially wants to have the largest initial public offering of all time.

Elon Musk's rocket company is seeking to raise $75 billion in its initial public offering, according to a filing it submitted to the Securities and Exchange Commission. It plans to offer 555,555,555 shares of common stock at $135 per share.

That offering would be over twice as big as the prior record for the largest IPO, which was set by Aramco when it raised $29 billion for its opening in 2019.

The updated filing came a week after SpaceX's initial S-1 , which offered an unprecedented look into the finances and mission of one of the world's most valuable private companies.

Under the proposed offering size, Musk — who serves as CEO, CTO, and chairman of the board — would hold around 82% of the voting power of the company's common stock, the filing said, allowing the founder to…