SpaceX Eyes Record IPO

The target valuation has been boosted following successful mission milestones and the continued expansion of the Starlink satellite network.

Financial analysts suggest the IPO could take place as early as June, allowing early backers to reap immense profits from the aerospace giant.

The move comes as SpaceX faces increasing competition from other private space firms and traditional defense contractors.

The offering is seen as a pivotal moment for the commercial space industry and the broader technology sector.