Elon Musk's SpaceX is reportedly targeting an initial public offering (IPO) valuation of over $2 trillion, as reported by Bloomberg News. This move could set the stage for the largest IPO in history, surpassing the previous record held by Saudi Aramco's $29 billion IPO in 2019. SpaceX is aiming to raise as much as $75 billion from the offering, which is significant given its earlier estimated valuation of $1.75 trillion. The valuation discussions reflect the company's strong cash flow from its Starlink satellite internet service, alongside its ventures in space exploration, including the Starship rocket and developments in space-based artificial intelligence. Additionally, SpaceX has been in talks with Saudi Arabia's Public Investment Fund to secure a $5 billion anchor investment in the IPO. The company has already submitted confidential paperwork to the U.S. Securities and Exchange Commission and is targeting a market launch later this year.