SpaceX is targeting a valuation above $2 trillion in a potential IPO, according to people familiar with the matter, which would make it one of the largest companies globally. The offering, possibly as soon as June, could raise up to $75 billion—surpassing Saudi Aramco’s record debut. Backed by Elon Musk, the company’s valuation has surged following its tie-up with xAI. Proceeds would support investments in space-based data centers and lunar manufacturing, as SpaceX leads in launch and satellite

SpaceX is targeting a valuation above $2 trillion in a potential IPO, according to people familiar with the matter, which would make it one of the largest companies globally. The offering, possibly as soon as June, could raise up to $75 billion—surpassing Saudi Aramco’s record debut. Backed by Elon Musk, the company’s valuation has surged following its tie-up with xAI. Proceeds would support investments in space-based data centers and lunar manufacturing, as SpaceX leads in launch and satellite broadband markets.