Wall Street is buzzing about a huge new listing. The company wants to raise a giant $75 billion. But the owner is skipping the usual rules. Instead of letting banks set a price range, he fixed the share price at exactly $135. You either take it or leave it.

The company behind this is SpaceX, and they plan to hit the Nasdaq on June 12, 2026, under the ticker SPCX.

Elon Musk is combining his rocket business with xAI to build a space and AI giant. They are even talking about building data centers in space. The total valuation is a massive $1.75 trillion. To make things more wild, they might save up to 30% of the shares just for retail investors.

But the math is getting a lot of pushback. Here is why some traders are worried:

Big Losses: The company lost $4.94 billion in 2025. The losses are still growing this year.

Overvalued? Wall Street experts at Morningstar say the company is worth way less, around $780 billion. Right now, only Starlink actually makes good money.

Musk Control: Insiders will hold all the voting power.

Musk cannot sell his own shares for a full year after the launch. This IPO could start a massive wave for other tech giants like OpenAI soon.

Are you buying into the hype at $135, or is this too risky?

This massive IPO is fixing its price at $135, but is it a trap?