Elon Musk's SpaceX has raised £56billion from financial firms ahead of what is expected to be the highest-value stock listing in history today.

Filings with the US Securities and Exchange Commission revealed the firm, which is primarily associated with space exploration and AI, had sold $75billion (£56billion) in shares at $135 each.

That value, the BBC reports, would give SpaceX an expected initial stock market value of almost $1.8trillion (£1.34trillion).

If realised, that value will make Chief Executive Elon Musk, who is already the world's richest man, the world's first trillionaire.

If the shares listed on the Nasdaq index sell at the $135 price, SpaceX will immediately become one of the most valuable public companies in the world.

FSTE100

The UK's flagship share index, the FTSE 100, was up 67 points at 10,382 shortly after opening this morning.

Brent crude oil futures were down 1.87%, sitting at $88.69 a barrel this morning.

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