SpaceX to debut on stock exchange, setting Elon Musk on course to be world’s first trillionaire

SpaceX stock will be offered for public sale for the first time today, marking what could be the largest initial public offering (IPO) in history

If share sales reach the company’s suggested price of $135 (£100), it will set founder Elon Musk on track to be the world’s first trillionaire

The company aims to raise $75bn, marking a new record for an IPO and sweeping past the previous record held by oil giant Saudi Aramco, which opened at $25.6bn in 2019

Musk controls more than 80% of the space exploration firm, which builds rockets and infrastructure used by NasaA SpaceX rocket

SpaceX owns other Musk ventures, including artificial intelligence firm xAI and internet service Starlink

The New York Stock Exchange opening bell will ring at 09:30 EDT to mark the start of trading

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