“Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing — a blockbuster offering that would likely rank among the largest ever and could make its founder the world’s first trillionaire.”

“The sources spoke on condition of anonymity because they were not authorised to discuss the confidential registration with the Securities and Exchange Commission publicly.”

“SpaceX did not immediately respond to a request for comment.”

“The offering, which could come as early as June, may value SpaceX at around $1.5 trillion — nearly double its valuation in December, when some minority shareholders sold their stakes, according to research firm PitchBook, prior to an acquisition that increased the company’s size.”

“The company has also recently brought under its umbrella two other Musk businesses: social media platform X (formerly Twitter) and artificial intelligence firm xAI, in a controversial transaction, as both the buyer and seller were controlled by him.”

“SpaceX has become the leading commercial launch company in its industry, sending payloads into orbit for customers worldwide.”