Elon Musk's SpaceX is planning a record-breaking $75 billion IPO, potentially valuing the company at $1.77 trillion. If successful, it would surpass Saudi Aramco's 2019 IPO and could make Musk the world's first trillionaire.

If completed, the unprecedented IPO would surpass the record $25.6 billion raised by Saudi oil producer Aramco in 2019 and could make Elon Musk the world's first trillionaire.