India, June 4 -- Elon Musk's Space Exploration Technologies Corp. or SpaceX aims to price its initial public offering or IPO of around 556 million shares at $135.00 per share, with a view to raising around $75 billion, making it the largest stock market debut in history.
With the planned IPO, spacecraft maker SpaceX's market valuation is estimated to reach $1.77 trillion, beating that of its sister concern Tesla Inc., the electric vehicle maker founded and led by Musk. The IPO is also expected to make Musk, SpaceX's founder, Chief Executive Officer, Chief Technical Officer and Chairman of the board, the first trillionaire in the world.
In a filing with the U.S. Securities and Exchange Commission, the company announced its plan to offer ar...