June 11 (UPI) -- The final price for the SpaceX initial public offering has been set at $135 per share, giving the company a $1.77 trillion valuation when it starts trading on Friday. The company on Thursday said that it had raised $75 billion off the sale of 555.6 million shares, which will be traded on the Nasdaq Composite Index starting on Friday morning, NBC News and the New York Post reported. SpaceX is set to far surpass the previous record for an IPO, which was set by the oil giant Saudi