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$135 per share. $75 billion. $1.75 trillion. The largest IPO in human history just got a price tag — before the roadshow even starts. That’s not normal. Companies spend weeks giving ranges, narrowing them, building demand, then pricing the night before debut. SpaceX skipped every step and named its number. Because when demand isn’t the question — why wait? Roadshow starts Thursday. $SPCX trades June 12th. Elon locked up 366 days — not selling a single share of the company he’s spent 23 years building. 30% going to retail investors. Every dollar of proceeds heading into AI compute and Starlink expansion. Now remember what $1.75 trillion is actually buying. Launch company. Reusability company. Connectivity company. Compute company. Model company. Mars company. 55 launches in 2026. Zero failures. $1.25 billion a month from Anthropic. Google in talks for orbital data centers. $119 billion Terafab in Grimes County. More than 10,200 satellites. Grok #1 across every benchmark that matters. Cathie Wood says orbital compute could dwarf Starlink. Starlink already has 12 million subscribers and is targeting 25 million by year end. Goldman led Tesla’s IPO in 2010 at $1.7 billion. Tesla is worth $1.7 trillion today — a 30,000% return. Goldman is leading this one too. $135 per share. Before the roadshow. Before the retail allocation. Before June 12th. The question isn’t whether SpaceX is worth $1.75 trillion. The question is what it’s worth when everything it’s building actually lands.