If completed, the unprecedented IPO would surpass the record $25.6 billion raised by Saudi oil producer Aramco in 2019 and could make Elon Musk the world's first trillionaire.

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…

The offering would give the unprofitable company a market value of $1.77 trillion.

SpaceX, led by Elon Musk, aims to raise $75 billion in its IPO, which would surpass a record previously set by Aramco.

Share offering could surpass Saudi Aramco’s record $29.4bn listing, with sale set for June 11