SpaceX CEO Elon Musk attends a cabinet meeting at the White House in April.

Investors welcomed reports that SpaceX was mulling a potential IPO that would help fund Elon Musk’s Mars ambitions and value the rocket and satellite company at more than US$1-trillion, as some have been waiting for years to buy into the company. SpaceX is looking to raise more than US$25-billion in an initial public offering that could come as early as June, a person familiar with the matter told Reuters.

Though it is a high-risk and capital-intensive business, the demand for shares from retail investors will be “substantial,” Shay Boloor, chief market strategist for Futurum Equities Research, said in an interview.

“It’s going to be the craziest IPO in the history of the stock market. If it’s trying to go for

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