SpaceX, the aerospace company founded by Elon Musk , is preparing for a major public offering next year that could raise more than $25 billion and value the company at over $1 trillion.

According to a source familiar with the plans, SpaceX has begun talks with banks about launching the initial public offering (IPO), which may take place around June or July.

This move would mark one of the biggest listings in history. So far, only Saudi Aramco has reached a similar valuation, debuting with a market value of about $1.7 trillion in 2019, Yahoo reported.

SpaceX hopes to join that elite group as it expands its rapidly growing Starlink satellite internet business.

Musk previously said in 2020 that SpaceX would eventually list Starlink once its earnings became more predictable.

The c

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