Elon Musk’s SpaceX unveiled plans Wednesday to raise $75 billion in an initial public offering of its stock that would value the company at roughly $1.77 trillion. The blockbuster debut could make Musk – already the world’s richest person – the first trillionaire.

SpaceX targets a $1.75 trillion valuation in its Nasdaq IPO next week, selling less than 5% of shares to raise $75 billion in one of history's largest offerings.

The company plans to sell about 555.6 million shares for $135 in the initial public offering.

He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock market debut, Elon Musk could become the planet's first trillionaire.…

SpaceX stock is expected to be available on the Nasdaq beginning June 12