An additional 83.33 million shares would be available to purchase at the fixed rate after the first IPO by the initial investors, while Musk would keep 82% voting control in the company.

Musk’s satellite and rocket giant is targeting going public at a $1.75 trillion valuation, multiple outlets reported Wednesday. That would make Musk the first member of the…

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.…