SpaceX has launched the world's biggest IPO, valued at $1.77 trillion and raising $74.4 billion, surpassing Saudi Aramco's record offering.

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

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.

SpaceX has launched the world's biggest IPO, valued at $1.77 trillion and raising $74.4 billion, surpassing Saudi Aramco's record offering.