Elon Musk's Space X is reportedly preparing to launch one of the biggest ever initial public offerings (IPO) targeting a valuation of $1.5trillion.
The rocket-maker is pursuing a listing as early as 2026, Bloomberg News reported.
A $1.5trillion valuation would take Space X close to Saudi Aramco’s record when it listed in 2019 at a valuation of $1.7trillion.
The planned floatation would aim to raise well over $30billion, Bloomberg reports.
Space X was launched in 2002 by Elon Musk, who also heads Tesla and X, with the goal of making travelling to space more accessible and affordable.
As well as designing, manufacturing and launching rockets using the latest technology, the firm also runs internet satalite service Starlink.
FTSE100
The UK's flagship share index, the FTSE 100, was up 26 points at 9,664 shortly after opening this morning.
Brent crude oil futures were down 0.13% at $61.97 a barrel.
Companies reporting today
- Berkeley Group - Half Year Results
- Taiwan Semiconductor Manufacturing Company - Corporate Sales Release
- TUI* - Full Year Results