(CNN) — Elon Musk, already the world’s richest man, could soon be much richer. Bloomberg reports he’s planning one of the largest initial public offerings in history for SpaceX.

Musk’s space company plans to raise $30 billion next year, Bloomberg reported, and an IPO could value the company at up to $1.5 trillion. SpaceX did not respond to a request for comment on the report.

SpaceX has not had any trouble raising money despite being privately-held. But the ability to sell public shares could increase the cash flow into a company with ambitious, and exorbitantly expensive, plans.

A Wall Street debut would give Musk the added benefit of increasing his already massive wealth. However, it would also bring outside scrutiny to how SpaceX conducts business, something that has rankled Musk

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