Copy FILE PHOTO: SpaceX logo is seen in this illustration taken, March 10, 2025. | Photo Credit: Dado Ruvic Elon Musk’s SpaceX is weighing a mid-June initial public ‍offering, aiming to raise as much as $50 billion at ​a valuation of roughly $1.5 trillion, the Financial Times ‌said on Wednesday, citing people familiar ​with the matter. Reuters could not immediately verify the report. SpaceX did not respond to a Reuters request for comment. The reported fundraising target doubles prior reports, positioning the rocket and satellite company’s listing as the largest in history in terms of ​deal size, after Saudi Aramco’s $29-billion IPO ⁠in 2019. The IPO gave Aramco a $1.7-trillion market capitalisation, and it was the only completed deal to have achieved ​a valuation of more ⁠than $1 trillion. SpaceX Chief Financial Officer Bret Johnsen has held talks and Zoom calls with existing private investors since December to explore a mid-2026 IPO, ‌the newspaper added. While Musk has long expressed ‌a preference for keeping SpaceX private, people familiar with his thinking indicated that the ‍company’s growing valuation and the success of its Starlink satellite-internet service have prompted a shift in ‍strategy. SpaceX is lining up four Wall Street banks for leading roles in its market debut, Reuters reported last week, citing a source. Global financial markets are bracing for a year of potentially mega US listings, led by SpaceX, with artificial intelligence firms Anthropic and OpenAI also laying the early groundwork for potential ⁠IPOs. A rebound in US equity capital market activity began in 2025 after three ​years of limited activity, partially as the result of ⁠ongoing volatility and geopolitical tensions. Space technology is a tightly held sector, but is sought after by investors keen on exposure in light of rapid development prospects, analysts have ⁠said.