SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.

By Echo Wang and Milana Vinn NEW YORK, June 3 (Reuters) - SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way.

The Starlink Roam plan used to offer up to 60 days of service per trip in a foreign country, but it's now a 'total of 60 days over the course of a year' and 14 consecutive days of use.

Many current and former staffers have stakes valued at millions of dollars and will be able to tap them more easily after the rocket maker goes public.

SpaceX's entry will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs. Reuters U.S. M&A Editor-in-Charge Echo Wang examines the IPO and whether sky-high multiples are justified or reflect the so-called Musk premium.

SpaceX and Anthropic have already declared their intentions with the SEC, and OpenAI is rumored to be preparing its filing in the near future.

Rocket Lab gives investors another way to play the space race.

Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable.