SpaceX is reportedly planning a record initial public offering (IPO), with the company's target valuation varying across reports, ranging from $75 billion to $1.75 trillion. The IPO is expected to take place in mid-June, although the exact date and valuation are unclear. Additionally, there are concerns about the company's bitcoin treasury and liquidity risks, as well as varying analyst valuations, with some warning that the company may be worth less than its target valuation.