SpaceX is aiming for a record-setting IPO valuation exceeding $2 trillion, as reported by Bloomberg News. The company's decision follows its merger with the AI startup xAI. SpaceX has filed confidential paperwork with the SEC in anticipation of a market launch later this year.

SpaceX Aims for the Stars with Record-Breaking IPO Valuation

Elon Musk's SpaceX is setting sights on a groundbreaking initial public offering (IPO) valuation exceeding $2 trillion, according to Bloomberg News. This move could potentially result in the largest stock market listing in history.

Sources familiar with the matter revealed that SpaceX and its advisers are proposing this ambitious figure to prospective investors. Discussions are still in progress, and details concerning the IPO may undergo further changes.

The company has confidentially submitted its IPO plans to the U.S. Securities and Exchange Commission, aiming for a market debut later this year. This plan comes after SpaceX's merger with artificial intelligence startup xAI, which collectively valued the entities at $1.25 trillion.