Elon Musk’s SpaceX set an IPO price of $135 per share, valuing the company at $1.77 trillion and making it the largest IPO in history, surpassing Saudi Aramco’s 2019 record.

• The offering is expected to raise $74.4 billion and could begin trading on the Nasdaq next week under the ticker symbol SPCX.

• Elon Musk, who owns roughly half of SpaceX, could become the world’s first trillionaire if the company’s share price rises significantly after the IPO.

• SpaceX reported $18.7 billion in revenue last year and plans to use the IPO proceeds to fund projects including orbital AI data centers, a lunar factory, and future missions to Mars.