SpaceX is accelerating plans for an initial public offering (IPO) that could raise well over $30 billion, potentially setting a new record for the largest listing in history, Bloomberg news reported citing sources with knowledge of the matter.

Under Elon Musk’s leadership, the company is targeting a staggering valuation of around $1.5 trillion, putting it close to the market value that Saudi Aramco achieved during its landmark 2019 IPO, which raised $29 billion.

Those familiar with SpaceX’s plans say the company is eyeing a public listing as soon as mid-to-late 2026, though market conditions could push this into 2027. SpaceX has yet to comment officially.

News of the potential IPO sent ripples across the space sector, with EchoStar Corp. which is set to sell spectrum licenses to SpaceX,

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