New Delhi, June 4 -- SpaceX set a price for its initial public offering at USD 135 a share, positioning Elon Musk's rocket and artificial intelligence company to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.

According to a news report by The New York Times, the USD 135 share price values the company at USD 1.77 trillion, making it the largest initial public offering (IPO) in history. SpaceX will raise USD 74.4 billion from the offering.

As per the news report, this valuation represents an increase of more than 40 per cent compared to the USD 1.25 trillion valuation the company gave itself in February. Saudi Aramco previously held the record, holding a USD 1.7 trillion valuation and raising m...