Elon Musk's SpaceX is reportedly targeting a massive IPO valuation above $2 trillion, potentially marking the largest stock market listing to date. Confidential paperwork was filed with the SEC, setting the stage for a potential launch later this year, according to sources familiar with the matter.

SpaceX Sets Sights on Record-Breaking $2 Trillion IPO

Elon Musk's aerospace giant, SpaceX, is reportedly pursuing an unprecedented IPO valuation exceeding $2 trillion. Bloomberg News reports that this would represent the largest stock market offering on record, based on insights from people with knowledge of the proceedings.

The proposed figure is currently being floated to prospective investors as SpaceX prepares for its initial public offering. The company, headquartered in Starbase, Texas, has recently filed confidential paperwork with the U.S. Securities and Exchange Commission (SEC) and aims to launch later this year.

Despite the excitement around the potential landmark IPO, SpaceX has yet to respond to a request for comment from Reuters.