SpaceX targets $2 trillion IPO

Sources familiar with the matter indicate that the company has confidentially filed paperwork to begin the IPO process.

The high valuation reflects SpaceX's dominance in the commercial satellite launch market and the ambitious goals of its Starlink internet service.

Investors are closely watching the move, which could set a new benchmark for the aerospace and technology sectors.

The IPO is expected to take place as early as June.