Elon Musk’s rocket company SpaceX has raised its sights on a valuation exceeding $2 trillion for its planned stock market debut, according to a Bloomberg News report Thursday that cited sources with knowledge of the discussions. If achieved, this would mark the biggest initial public offering ever recorded.
The space exploration company and its financial advisors are presenting this ambitious valuation figure to potential investors as they prepare for the public stock launch, Bloomberg reported.
According to the news outlet, discussions remain fluid and the IPO details may still undergo modifications.
SpaceX has not yet provided a response to requests for comment regarding the reported valuation target.
The rocket manufacturer, headquartered in Starbase, Texas, recently filed confidential documentation with federal securities regulators and aims to debut on the stock market before year’s end.
This public offering follows Musk’s recent combination of SpaceX with artificial intelligence company xAI, a transaction that assigned a $1 trillion value to the aerospace firm and $250 billion to the creator of the Grok chatbot technology.
