Hyderabad, June 4 -- SpaceX, the space and satellite company led by billionaire Elon Musk, is planning a massive initial public offering (IPO) that could become make Musk the world's first trillionaire.

According to a regulatory filing released on Wednesday, June 3, SpaceX aims to raise around USD 75 billion through the proposed IPO.

Expected valuation of SpaceX

The offering would value the company at approximately USD 1.765 trillion.

As per the filing, SpaceX plans to sell 555,555,555 shares at an initial price of USD 135 per share.

Once completed, the fundraising would surpass the previous IPO record set by Saudi Aramco. In its 2019 public listing, the Saudi company raised USD 25.6 billion.

Offering could boost Elon Musk's wealth...