SpaceX is planning a massive $75 billion IPO, with an estimated company valuation of $1.77 trillion. This offering would significantly surpass the record set by Saudi Aramco in 2019.

SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019.