SpaceX said Wednesday it plans to raise up to $75 billion in its initial public offering this month, setting the stage for the largest stock market debut in history.
The company, formally known as Space Exploration Technologies Corp., will sell 555.6 million shares at $135 apiece, according to its announcement.
The offering would give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia leading at $5.2 trillion.
The listing would put CEO Elon Musk on course to become the world’s first trillionaire, given his majority stake in the company. SpaceX has not yet confirmed a trading date or exchange, but said the IPO is expected later this month.
