Elon Musk’s rocket startup SpaceX is reportedly preparing to confidentially file for an initial public offering as soon as next month, targeting a June listing that could raise up to $50 billion, and surpassing Saudi Aramco‘s $29 billion debut in 2019 to become the largest IPO in history.

The Starbase, Texas-based company, plans to submit its draft registration to the U.S. Securities and Exchange Commission in March, Bloomberg reported on Friday, citing people familiar with the matter. The filing would keep SpaceX on track for a summer listing, potentially kicking off a trio of landmark tech IPOs alongside OpenAI and Anthropic.

SpaceX did not immediately respond to Benzinga‘s request for comment.

Valuation Could Top $1.75 Trillion

SpaceX is eyeing a valuation of more than $1.75 trillion in the offering, according to the report. The figure comes after SpaceX acquired Musk’s AI startup xAI earlier this month, in a ...