SpaceX targets over $2 trillion IPO valuation in record-breaking market debut. Elon Musk's aerospace and AI company filed confidential paperwork with the SEC and plans a June listing that would surpass Saudi Aramco's 2019 IPO as the largest ever. At $2 trillion, SpaceX would rank among the five most valuable S&P 500 companies, ahead of Meta and Tesla. The valuation represents a two-thirds increase from the $1.25 trillion combined valuation after acquiring xAI in February. Major banks including JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Morgan Stanley are leading the offering. SpaceX plans to use IPO proceeds for space-based AI data centers and lunar manufacturing facilities as part of Musk's broader vision across his interconnected companies including Tesla and the Terafab chip project.
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