SpaceX has set its IPO pricing at $135 as the company nears a historical public listing that could break records. Wedbush analyst Dan Ives calls the public listing a "watershed moment" and shares his take on the IPO.

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Ives on SpaceX IPO

SpaceX plans to raise $75 billion with the sale of 555.6 million shares at $135. The IPO would value the company at $1.75 trillion, in line with past reports.

The listing will be made up of new shares, with existing shareholders such as SpaceX CEO Elon Musk having to hold their shares before selling.

"This listing represents the first major test for public markets after years of muted IPO activity, with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after," Ives said.

The analyst said IPO proceeds will be used for the expansion of the company's AI efforts and to grow the Starlink satellite network, along with new ventures like solar-powered data centers in space.

"The company has laid out ...